Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July

October 15, 2026 Malcolm Knoll Crypto

Bitcoin Miners Plunge up to 13% in Wall Street's Worst Selloff Since July

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Bitcoin Miners Hit Hard

Bitcoin miners saw a sharp decline of up to 13% during Wall Street's worst selloff since July, as hotter-than-expected inflation data impacted AI infrastructure companies, including those in the crypto space.

US stocks experienced their steepest selloff since July 29, with the S&P 500 falling 1.1%, the Nasdaq Composite dropping 1.9%, and the Dow Jones Industrial Average inching down 0.1%. Major tech companies like CoreWeave, Nebius, and Oracle were among the biggest losers.

Of the 23 AI infrastructure stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 declined on Wednesday, with an average loss of 7.46%. Bitcoin miners, many of whom have expanded into AI infrastructure, also took a hit:

  • TeraWulf: 12.64%
  • Core Scientific, Cipher Mining, and IREN: Each fell 12.44%, 12.35%, and 12.2%, respectively.
  • Riot Platforms, Bitdeer Technologies, MARA, and CleanSpark also saw significant drops.

Higher Interest Rates and Inflation

Higher interest rates could increase borrowing costs for AI infrastructure companies, many of which rely on debt for data center expansion. The US consumer price index rose 3.7% in September, exceeding expectations and well above the Fed's 2% target, primarily due to higher gasoline prices from the Middle East war.

This inflation report heightened expectations of an October Federal Reserve interest-rate hike, though San Francisco Federal Reserve President Mary Daly noted that further rate hikes were likely needed but there was no urgency to act this month.

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