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Bitcoin Miners Need $50B for AI. Lenders Are Asking Hard Questions

2026-10-12

Bitcoin mining companies need about $50 billion in total to finish the artificial intelligence infrastructure projects they have planned. Cointelegraph reported this on October 12, 2026, in a story by Sam Bourgi. It named three companies with major funding gaps: IREN, Riot Platforms and HIVE Digital.

Lenders are looking more closely at large data center projects. As a result, miners that are moving into AI and high-performance computing are being offered very different borrowing costs from one another. The report says the gap between those costs is growing.

This makes it harder for the industry to raise money than it already was. The report does not give each company's borrowing rate, does not name the lenders and does not say how any of the three companies plans to close its gap. That information is not yet known.

For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the direct effect is nothing. The story covers how miners borrow for data centers. It gives no figures on funding rates, trading fees or order-book liquidity on any of these exchanges, so this report gives no reason to expect a change in what a position costs to hold.

Source: cointelegraph — Bitcoin miners face widening AI financing costs as lenders scrutinize deals

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