Tag: Bitcoin Miner

  • Bitcoin Miner Debt Soars 500% Amid AI Expansion

    Bitcoin Miner Debt Soars 500% Amid AI Expansion

    —

    by

    Yashika Gupta

    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…

  • Google Secures Stake in Bitcoin Miner Cipher in $3B Pact

    Google Secures Stake in Bitcoin Miner Cipher in $3B Pact

    —

    by

    Oscar

    Google has taken another bold step into the crossover between artificial intelligence (AI) and crypto mining. The tech giant has secured a 5.4% stake in Bitcoin mining firm Cipher Mining by backstopping $1.4 billion of lease obligations in a $3 billion data centre deal with AI cloud infrastructure company Fluidstack. The agreement highlights a growing…