Nvidia has raised the stakes in the race for intelligence infrastructure with plans to borrow at least $20 billion in debt markets, a move that comes as Bitcoin miners continue to reposition themselves as AI and supercomputer providers.
Summary
- Nvidia plans to raise at least $20 billion through a multi-part bond to fund AI investments and renewable debt.
- Bitcoin miners are expanding into AI and HPC services, with more than 70 billion contracts announced across the sector.
- Industry forecasts suggest that listed miners could generate up to 70% AI revenue by the end of 2026.
According to Bloomberg, Nvidia is preparing a multi-part bond offering worth at least $20 billion to fund AI-related investments and refinance existing debt.
People familiar with the matter told Bloomberg that the chip maker intends to issue notes in all seven maturities ranging from two to 30 years, with the longest-term bonds expected to be priced at about 0.9 percent above comparable US Treasury securities.
The planned offering comes as demand for AI infrastructure continues to attract large pools of capital. As a leading provider of graphics processing units used to train and run large linguistic models, Nvidia plays a key role in the AI ecosystem, and its investment plans are highly regarded by investors and technology companies.
Recent expansion efforts have extended beyond the United States. As previously reported 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, those deals include memory chips, AI data centers, robotics, mobility, and industrial AI systems.
Bitcoin miners are pursuing AI revenue streams
Growing investment in AI infrastructure has opened up new opportunities for Bitcoin mining companies, many of which already control large amounts of power and data center infrastructure.
Companies including HIVE Digital, TeraWulf, Hut 8, and CleanSpark have increasingly promoted AI and efficient computing services alongside their traditional mining operations.
By repurchasing existing resources and power contracts that were originally secured for Bitcoin mining, these companies are looking for sources of income 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 fell by around 17% during the opening months of 2026, a basket of Bitcoin mining stocks gained more than 50%, with strong players advancing more than 70%.
Notably, publicly traded miners have announced more than $70 billion in accumulated AI and high-performance computing contracts. Industry projections referenced by crypto.news suggest that listed mining companies could earn around 70% of their revenue from AI operations by the end of 2026, up from around 30% today.
Mining margins remain under pressure
Despite growing enthusiasm for AI, many miners continue to face challenges in their core business.
Following Bitcoin’s April 2024 decline, high mining difficulty and operational costs have squeezed profit margins across the sector.
Some market observers have described the current conditions as the toughest the industry has ever faced, prompting miners to slow down, liquidate portions of their Bitcoin, and seek alternative sources of income.
According to data from TheEnergyMag, Bitcoin miners have sold more than 15,000 BTC between October and March as companies adjust to tighter operating conditions.
Recent results from Canaan reflect that pressure. According to the company’s June performance update, the Nasdaq-listed miner generated 90 BTC during the month and received another 24 BTC from customers. At the same time, Canaan’s first-quarter earnings report showed second-quarter revenue between $35 million and $45 million, well below analyst expectations of about $96 million.
Regulatory barriers have also emerged. As previously reported by crypto.news, Canaan received a second non-compliance notice from Nasdaq in January after its share price remained below the exchange’s $1 minimum bid requirement. The company has until July 13, 2026, to regain compliance.
