💥 Bitcoin Miners Turn to AI Amid $11 Billion Debt Surge! 💥
Over the past year, Bitcoin miners have secured $11B in convertible debt as they pivot toward AI data centers following the April 2024 halving, which cut rewards by 50%. ⚡
According to TheMinerMag, 18 convertible bond deals were completed post-halving , with top players like MARA, Cipher Mining, IREN, and TeraWulf each raising around $1B. Some bonds even carried 0% coupons, showing strong investor confidence in miners’ equity potential. 📈
The average bond size doubled from last year’s $200M–$400M range, signaling a major shift toward AI-powered diversification to offset reduced Bitcoin revenues.
A VanEck report reveals miner debt has surged 500% YoY, now totaling $12.7B , highlighting ongoing pressure from high capital costs, energy demands, and constant hardware upgrades.
Meanwhile, U.S. regulators are exploring new energy policies to let miners connect directly to the grid , potentially transforming data centers into controllable energy resources for grid stability. ⚙️