Press "Enter" to skip to content

Tag: and high-performance computing

Public Mining Companies Secure Billions in Debt to Shift Focus Towards AI Development

TLDR Public mining companies raise billions in debt, pivoting to AI and HPC services to diversify from Bitcoin mining. Bitfarms raises $500M, TeraWulf plans $3. 2B debt issuance to expand into AI and high-performance computing. Mining companies raised $4. 6B in debt in late 2024, signaling a major shift towards AI and data services. AI pivot brings [.] The post Public Mining Companies Secure Billions in Debt to Shift Focus Towards AI Development appeared first on CoinCentral.