On June 25, Core Scientific fell 5.01% in regular trading, trading at $27.67/share, with turnover of $145 million. The decline was driven by growing concerns over the company's capital-intensive pivot from Bitcoin mining to AI infrastructure.

According to recent industry research, Bitcoin network mining difficulty has dropped over 20% from its historical peak, marking the largest decline in recent years and forcing companies like Core Scientific to accelerate their transition toward AI and high-performance computing. However, the funding gap remains substantial — the industry faces approximately $50 billion in short-term capital needs and up to $221 billion in long-term requirements. Currently, only about 25% of required AI computing resources have been secured through leasing, and companies missing critical milestones face potential rating downgrades.

Additionally, market participants are concerned that a potential AI bubble burst could trigger simultaneous sell-offs in both Bitcoin and AI-related assets, further compressing valuations across the sector. Within the Application Software sector, peers including Strategy fell 9.79%, IREN fell 7.01%, and Palantir declined 3.19%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)