According to CoinMeta, SoftBank Group’s stock price once fell by 11%. Previously, this Japanese technology investment giant announced its first net loss in nearly two years, amounting to 1.12 trillion yen (about $7.1 billion). The main reasons for the loss included a write-down of $3.7 billion on its US data center projects and a decline in the valuation of artificial intelligence-related assets. On Wednesday, the stock price dropped to 3,465 yen on the Tokyo stock market. This loss stemmed from the company’s write-down of some prepaid payments that were originally intended for purchasing power equipment to support an 8-gigawatt project in Ohio and other US data center projects. However, due to changes in these projects, these prepaid payments could no longer be recovered.