🔴 BMNG is trading 5% down today as Friday's rebound fades on AI infrastructure spending risks

BMNG is trading at $8.93 (-5.0%) as the 2x leveraged BitMiner/AI-linked equity ETF gives back gains from Friday’s rebound following a sharp multi-day selloff.

• The ETF is reacting to heightened volatility surrounding AI infrastructure spending risks recently highlighted by the Bank for International Settlements (BIS).
• Despite a partial risk-on recovery in broader markets, leveraged mining and AI exposures remain pressured by lingering tech sector weakness and a failure to sustain recent recovery momentum.