Prenetics has ditched its bitcoin-buying strategy just six months after announcing a long-term commitment to the cryptocurrency as a treasury reserve asset. 

Bitcoin hovered near $88,000 on Wednesday as traders made another late push to tidy up year-end performance in a market that has struggled to find conviction after October’s leverage shock.That wobble traces back to Oct. 10, when a cascade of forced liquidations cleared more than $19B of leveraged crypto positions ... 

CNBC’s MacKenzie Sigalos reports bitcoin miners with multibillion-dollar AI infrastructure deals — supplying scarce, energized power sites to hyperscalers like Microsoft and Amazon — were the breakout winners of the year.