According to CoinMeta, Neocloud stocks tumbled significantly due to concerns about overspending, with CoreWeave falling by 7%, Nebius by 5%, and Terawulf by 6%. Although both CoreWeave and Nebius reported triple-digit revenue growth, the rise in long-term interest rates compressed the valuation of their capital-intensive models. The yield on 30-year Treasury bonds reached a 19-year high of 5.25%, increasing the cost of each new Neocloud project and diminishing the value of future revenues.