BTC mining industry finances AI gold rush with $11B convertible bond boom

Convertible bond boom powers LMR Partners to 30% gain

A surge in convertible bond issuance has delivered standout returns for a specialist team at LMR Partners, with the group’s Convertible and Capital Structure Arbitrage Fund up around 30% year-to-date, marking one of the firm’s strongest performances on record, according to a report by Bloomberg. The team, led by Seb Gorga in Dubai and Vincent Olekhnovitch in Zurich, manages more than $1bn in the dedicated fund and over $1.8bn across LMR’s wider …

Bitcoin Miners Raise $11B In Convertible Debt To Fund AI Pivot » News.ng

Bitcoin miners are turning to convertible debt to fund an ambitious expansion into artificial intelligence, raising roughly $11 billion over the past year as they reinvent their business models beyond crypto mining. The pivot follows April 2024’s Bitcoin halving, which cut miners’ block rewards in half and intensified pressure to find new revenue streams. According to data from TheMinerMag, Bitcoin mining firms have completed 18 convertible-bond…

BTC mining industry finances AI gold rush with $11B convertible bond boom

Convertible bond issuance from Bitcoin mining companies has risen sharply since the April 2024 halving event, totaling about $11 billion in a year.