Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.

As attention on Chinese startup DeepSeek and its artificial-intelligence model led to a $1 trillion wipeout in the U.S. stock market on Monday, shares of bitcoin miners with exposure to artificial intelligence also tumbled.

The price of Bitcoin dipped below $98,000 after DeepSeek, a Chinese AI startup, threw a wrench into Big Tech's week of key earnings.

Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.

Bittensor (TAO) price peaked $484 at for Wednesday, defying crypto market volatility with a 37% increase over the last seven days. On-chain data suggests discussions around China’s Deepseek and OpenAI may have driven TAO’s strong performance.

Bitcoin momentarily dipped below $100k on Monday as President Trump kept crypto policy on the sidelines during his first day in office but recovered back and stabilised around $104,000 throughout the past 24 hours.

Bitcoin fell 7% on Monday alongside a general slide among tech stocks including Nvidia, as China’s new artificial intelligence model sent shock waves through Silicon Valley.

OpenAI may be close to releasing an AI tool that can take control of your PC and perform actions on your behalf, if leaks are to be believed.

The crypto market saw a huge plunge in the early hours of Monday’s trading session, causing declining prices for Bitcoin (BTC), altcoins, and AI coins. The market decline comes after China’s Artificial Intelligence (AI) startup DeepSeek released low-cost AI models, rivaling GPT-4 and Claude.

DeepSeek's development cost was reportedly under $6 million, raising concerns about the competitive edge of US tech firms and future capex on AI LLMs. WGMI has significant exposure to Bitcoin mining companies that are either already growing or planning to grow revenue from AI/HPC services.

Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.

OpenAI says Chinese startups, such as DeepSeek, are "constantly" cribbing the tech of leading AI companies in the US to develop their own models. OpenAI's IP theft concerns come as the company deals with a raft of lawsuits accusing it of violating copyright protections.