Bitcoin miners face rising financing costs and funding gaps for AI infrastructure
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Bitcoin mining companies need approximately $50 billion to complete planned AI infrastructure projects, facing widening funding gaps as lenders scrutinize deals. IREN secured a $3.65 billion GPU financing package in June at a blended interest rate of 6% and a $2.4 billion arrangement in August at a fixed rate of 9%. Major lenders are becoming more selective about data center loans, with funding decisions depending heavily on the specific customer, contract, and path to completion.
Continue in the app — vote & join in ➔Source: Cointelegraph · via ahirlevel.hu