Bitcoin miners face $50 billion funding gap for AI infrastructure

Bitcoin miners face a $50 billion funding gap for AI infrastructure. Lenders are selective, causing varied borrowing costs. IREN raised $3.65B at 6% and $2.4B at 9%. Google guaranteed a $1.4B lease for Cipher Digital for 5.4% equity. VanEck notes mining debt rose 500% from Q2 2024 to October 2024 peak.