Bitcoin Mining Debt Skyrockets as Industry Invests in AI and New Hardware

The Bitcoin mining industry has seen a dramatic surge in debt, rising from $2.1 billion to a staggering $12.7 billion in just one year. This increase is driven by miners’ aggressive investments in next-generation hardware and the burgeoning use of artificial intelligence (AI) infrastructure to maintain their dominance in the digital asset landscape, according to VanEck data. 💰 📈 The report reveals that this debt spike reflects a fierce competition for market share as miners strive to secure reliable computing power amid rising capital costs and increased AI demand.