Crypto Miners Surge on US$17.4B Microsoft–Nebius AI Chip Deal
Shares of cryptocurrency mining firms rose sharply on Tuesday following news of a major deal between Nebius Group and Microsoft, valued at US$17.4 billion (AU$26.36 billion). The agreement, running through 2031, will see the Netherlands-based Nebius provide dedicated GPU capacity to Microsoft’s artificial intelligence operations, with the option for expansion…
bubmagSeptember 10, 2025