Tag: AI Expansion

  • Bitcoin Miner Debt Soars 500% Amid AI Expansion

    Bitcoin Miner Debt Soars 500% Amid AI Expansion

    Debt levels among Bitcoin miners have surged dramatically, soaring from $2.1 billion to $12.7 billion in just one year, as mining firms scramble to maintain hashrate dominance and capitalise on the booming demand for artificial intelligence (AI) infrastructure.According to a recent VanEck report, the sector is undergoing a deep transformation, blending next-generation mining hardware, AI…