TechFlow News, May 28: According to 10x Research, Bitcoin declined this week under pressure from hawkish Federal Reserve expectations and surging U.S. Treasury yields. However, the mining and AI infrastructure sectors posted strong gains逆势—KEEL (+30%), CIFR (+29%), IREN (+29%), WULF (+24%), and HUT (+22%).
Key catalysts include: IREN’s $1.6 billion purchase of Dell Blackwell systems; TeraWulf’s acquisition of a 1 GW computing campus in Kentucky; and Hut 8’s $9.8 billion lease agreement for a facility in Texas—signaling an accelerated transition by Bitcoin miners into AI infrastructure. On the macro front, the 10-year U.S. Treasury yield retreated to 4.47%–4.50%, as markets await the PCE data release and the first FOMC meeting under new Fed Chair Warsh (June 16–17). 10x Research’s Crypto Stocks Basket Index is up 56% year-to-date, while Bitcoin is down 17% over the same period.
