AI Boom Fuels 500% Surge in Bitcoin Miner Debt
Bitcoin mining firms have taken on unprecedented levels of debt, with total borrowings surging 500% year-on-year, from $2.1 billion to $12.7 billion, as the industry braces for intensifying competition and a technological arms race. According to a new VanEck report, miners are pouring billions into next-generation hardware and artificial intelligence
