Nvidia has raised the stakes in the AI infrastructure race with plans to borrow at least $20 billion from debt markets, a move that comes as bitcoin miners increasingly reposition themselves as providers of artificial intelligence and high-performance computing.
summary
- Nvidia plans to raise at least $20 billion through a multi-part bond offering to fund AI investments and refinance debt.
- Bitcoin miners are expanding into AI and high-performance computing services, with contracts worth more than $70 billion announced across the sector.
- Industry forecasts suggest that listed miners could generate up to 70% of revenue from AI by the end of 2026.
According to According to Bloomberg, Nvidia is preparing a multi-part bond offering worth at least $20 billion to finance AI-related investments and refinance existing debt.
The chipmaker intends to issue bonds across seven maturities ranging from two to 30 years, with the longer-dated bonds expected to be priced about 0.9 percentage points higher than comparable U.S. Treasuries, people familiar with the matter told Bloomberg.
The planned offering arrives as demand for AI infrastructure continues to attract large pools of capital. As the leading supplier of GPUs used to train and run large language models, Nvidia occupies a central role in the AI ecosystem, with its spending plans closely watched by investors and technology companies.
Recent expansion efforts have extended beyond the United States. Ditto I mentioned By crypto.news Nvidia announced partnerships in South Korea with SK Hynix, Naver, SK Telecom, Doosan Group, LG Group, and Hyundai Motor Group during CEO Jensen Huang’s visit. According to Nvidia, these agreements cover memory chips, AI data centers, robotics, mobility, and industrial AI systems.
Bitcoin miners seek AI revenue streams
Increased investment in AI infrastructure has opened up new opportunities for Bitcoin mining companies, many of which already control large amounts of power capacity and data center infrastructure.
Companies including digital cell, Terawolf, Hut 8and Clean Spark It has increasingly promoted artificial intelligence and high-performance computing services alongside its traditional mining operations.
By repurposing existing facilities and leveraging power agreements originally secured for Bitcoin mining, these companies are looking for revenue streams that are less dependent on cryptocurrency market cycles.
Industry data suggests that investors have responded positively to this trend. As reported by crypto.news, while Bitcoin is down nearly 17% during the first months of 2026, a basket of Bitcoin mining stocks is up more than 50%, with the strongest performing stocks up more than 70%.
Notably, publicly traded miners have Announce Over $70 billion in cumulative AI and HPC contracts. Industry forecasts cited by crypto.news suggest that listed mining companies could earn up to 70% of their revenue from AI activities by the end of 2026, up from around 30% today.
Mining margins remain under pressure
Despite the growing enthusiasm around AI, many miners still face challenges in their core business.
Following the Bitcoin halving in April 2024, high mining difficulty and operating expenses have compressed profit margins across the sector.
Some market observers have described the current conditions as the harshest margin environment the industry has ever seen, prompting miners to reduce leverage, liquidate portions of their Bitcoin holdings, and look for alternative sources of income.
according to Data From TheEnergyMag Bitcoin miners sold more than 15,000 bitcoins between October and March as companies adapted to more stringent operating conditions.
Recent results from Canaan illustrate these pressures. According to the company’s June filing Operational updateThe Nasdaq-listed mining company produced 90 BTC during the month and received another 24 BTC from customers. Meanwhile, Canaan’s first-quarter earnings report forecast second-quarter revenue in the range of $35 million to $45 million, well below analysts’ expectations of roughly $96 million.
Regulatory hurdles also emerged. As previously reported by crypto.news, Canaan received a second non-compliance on the Nasdaq exchange He notices In January after its stock price remained below the minimum bid requirement of $1 on the stock exchange. The company has until July 13, 2026 to regain compliance.
