Bitcoin Miners Dive into AI with $11B Debt Surge Post-Halving
Following the April 2024 Bitcoin halving, mining companies have raised $11 billion in convertible debt, a 500% increase from the previous year. This capital is largely directed towards developing AI data centers, driven by reduced block rewards and significant capital expenditures on hardware. Prominent miners like MARA and Cipher Mining secured $1 billion each. This strategic pivot leverages existing infrastructure and energy expertise to address industry challenges and revenue shortfalls. Efforts are also underway to integrate these energy-intensive operations directly with energy grids to manage power demands.


Cryptovka
Bitcoin Miners Ignite AI Gold Rush with $11B Convertible Debt Surge Post-Halving
The Bitcoin (BTC) mining industry has strategically diversified its revenue streams, raising an astounding $11 billion in convertible debt over the...








