Why These 15 AI Stocks Are Plunging So Far in 2025

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10. Bit Digital Inc (NASDAQ:BTBT)

Number of Hedge Fund Holders In Q4 2024: 14

Bit Digital Inc (NASDAQ:BTBT) is a Bitcoin mining company. Much like many Bitcoin miners, it is pivoting to HPC computing and AI after the halving last year.

The stock is down significantly so far in 2025 as BTC has declined significantly. It is now below $90,000 as of writing and could go down more as market sentiment has been souring on crypto and AI stocks as a whole.

These mining companies are pivoting to AI in order to make their business look more attractive to shareholders, but it could have the opposite effect if investors sour on both AI and crypto. That seems to be happening right now.

The consensus price target of $6.33 implies 158.5% upside.

BTBT is down 16.38% year-to-date.

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