Bitcoin miners face widening AI financing costs as lenders scrutinize deals

Bitcoin mining companies expanding into artificial intelligence and high-performance computing face sharply different borrowing costs as lenders scrutinize large-scale data center projects, adding to the industrys growing financing challenges.  According to the latest Miner Weekly newsletter from BlocksBridge Consulting, securing major AI customers has only been part of the challenge for miners. Companies must also raise billions of dollars to purchase computing equipment, build facilities and secure the power infrastructure needed to fulfill their contracts.  “[B]ig lenders have become more selective about data center loans and decisions increasingly depend on the customer, the contract and the path to completion,” BlocksBridge said.  IREN, which has expanded from Bitcoin mining into AI infrastructure, illustrates the differences in financing costs. The company secured a $3.65 billion GPU financing package in June at a blended interest rate of 6%, followed by a separate $2.4 billion financing arrangement in August at a fixed rate of 9%. The two agreements cover different projects, so theyre not directly comparable, but they show how borrowing costs can vary even within the same company.  Financing arrangements can also carry costs beyond interest payments. In a separate transaction involving Cipher Digital, Google agreed to backstop $1.4 billion in lease obligations in exchange for warrants

2 دن پہلےانڈسٹری

Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows

In briefThe Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and an Aug. 26 peak of 82, the highest reading of the year.Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101, the 30-year Treasury yield reached 5.70% and spot.Myriad traders now give 45% odds of Biticoin hitting $87,500 and 56% odds of BTC dropping to $80,000 in October, both lower than on Oct. 7.  After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends.  Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency markets Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August.  Myriad: How low will Bitcoin go? Click to make your prediction.  The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug. 26, its high for the year, and read 68 a month ago.  Bitcoin peaked at $86,978 early last week and slid as low as $81,749.83

2 دن پہلےانڈسٹری

Ledger Says All Confirmed Cases in Suspected $87M Drain Tied to Reseller CryptoBilis

In briefLedger said every confirmed case in last weeks wallet-draining incident involves devices sold by Southeast Asian reseller CryptoBilis.The company said the number of affected devices is “limited,” that it is working with authorities, and that CryptoBilis has ceased all hardware wallet sales.Ledger told authorized resellers never to restock returned products, and urged buyers to avoid unauthorized sellers.  Ledger said all confirmed cases in last weeks draining incident involve devices sold through reseller CryptoBilis, and that its own systems and direct sales channels remain unaffected, in a 72-hour update on Sunday.  “The volume of impacted devices is limited,” the Paris-based hardware wallet manufacturer said, adding that it is working with relevant authorities and reaching out to affected users. It said CryptoBilis has confirmed it has ceased all sales of hardware wallets.  72 hour update on reseller CryptoBilis incident ????  As the investigation continues, we are working with relevant authorities. The volume of impacted devices is limited. We know this is concerning, especially for those directly affected, and we are reaching out to impacted users.…  — Ledger (@Ledger) October 11, 2026  Ledger began investigating on Friday after users in Southeast Asia who bought devices from CryptoBilis reported losing funds. Onchain investigator Specter traced more than $86 million

2 دن پہلےانڈسٹری

Eclair merges fixes for Lightning flaws that could burn Bitcoin in fees

Eclair, ACINQs Lightning node software, has merged two repairs for gaps that could make a node lose Bitcoin through excessive mining fees during channel funding and splicing. One limits a peers fee-bump demands when Eclair contributes funds; the other checks transactions from a compromised Bitcoin backend while Eclair retains the signing keys.  The repairs merged into the projects master branch on Oct. 2 and Oct. 5. As of Oct. 12, its release page still listed Septembers v0.14.3 as latest. The two October fixes postdate that packaged release.  Bitcoin Optechs Oct. 9 newsletter highlighted both changes as closing protection gaps during dual funding and splicing.  Related Asset Bitcoin BTC · $82,457.16 24-hour change: down 1.71%  The first repair, PR #3388, concerns peer-initiated replace-by-fee, or RBF, attempts during a dual-funded channel opening or a splice that adjusts a channels funding. A peer could request a replacement transaction with a higher fee rate. Eclair kept its wallet contribution and paid for its inputs at that rate, without an upper bound or fee budget on this path.  That let a malicious peer impose an arbitrary mining fee rate on the contributing node while contributing nothing itself. The loss would be paid as fees to miners rather than transferred directly

2 دن پہلےانڈسٹری

NEXTPredict Paid $12,000 to Hedge Its Conference on a Prediction Market

In briefNEXTPredict bought contracts on Kalshi that pay out if more than half of flights into JFK are canceled on October 21.The premium was $12,000 against roughly $3 million of coverage, the organizers full investment in the event.Susquehanna took the other side as market maker, in what the parties call the first conference hedged on a prediction market.  The organizers of a prediction markets conference have hedged the conference on a prediction market, paying a $12,000 premium for contracts that would return around $3 million if New Yorks airports seize up the day before it opens.  The trade, executed through Kalshi with Susquehanna as market maker, settles on whether more than half of flights scheduled to land at John F. Kennedy International Airport are canceled on October 21, the main travel day before NEXTPredicts October 22-23 summit at Convene in Hudson Yards. The $3 million represents the organizers total investment in the event.  This is me announcing a conference that never happened.  Today we hedged our next one on a prediction market. $3 million in coverage for a $12,000 premium, executed through @Kalshi with @SusquehannaSIG as market maker.  First time anyone in our event industry has done it. Here… pic.twitter.com/UtiA1xTXJw  — Pierre Lindh (@Pierreobv) July 28,

2 دن پہلےانڈسٹری

XRP Ledgers Payment Engine Had a Counterfeiting Bug Hiding Since 2015

In briefXRP Ledger maintainers disclosed and patched a critical payment-engine overflow bug, reported via bug bounty in September, that could have let an attacker create counterfeit XRP.The flaw sat unnoticed since 2015 because no normal payment triggers it, and the ledgers “no XRP created” safety check used the same broken arithmetic.There is no evidence the bug was ever exploited, XRP Ledger devs say.  Developers behind the XRP Ledger have disclosed and fixed a critical vulnerability that, left unaddressed, could have let an attacker conjure XRP out of thin air, a flaw that sat dormant in the networks code for roughly a decade.  In a disclosure published Friday, the ledgers maintainers said a researcher reported the bug through the XRPL bug bounty program in September. The issue was an integer overflow in the payment engine, the part of the software that processes payments.  Myriad: Where does XRP go next? Click to make your prediction.  When a single payment consumed hundreds of specially crafted offers from the order book, the sum of what the buyer owed exceeded the maximum value the system could store and “wrapped around” to a tiny number. The engine paid each seller in full but charged the buyer almost nothing, with the

3 دن پہلےانڈسٹری

Claude AI Predicts BTC as ETF Outflows Hit $681 Million

Spot Bitcoin ETFs shed $681.10 million last week, the heaviest weekly outflow in three months. Claude AI predicts BTC holds its recovery structure anyway, because that figure was produced by two sessions rather than a trend.  The week was violent in the middle and quiet at both ends. Bitcoin was rejected at $87,000 on Monday, then slid to a two-week low of $80,400 by Thursday evening. It recovered from there and closed the week back above $83,000.  BTC trades at $83,790, effectively flat on the day, with a market cap of $1.68 trillion. The token is down just 1.9% over seven days, a mild figure for a week that produced the largest fund outflows since June. This mismatch is the starting point. Price absorbed almost $700 million of selling and gave up less than 2%.  Bitcoin ETFs Flow sosovalue  Join Coinspeakers $1,000 Prize Drop on BybitTwo Sessions Account for the Entire Weekly Outflow Figure  Bitcoin closed the week above $83k, so bulls remain in control and the burden of proof remains on the bears.  In my experience, DCAing in the 2nd half of midterm years is the correct approach. It worked in 2018/2022, hopefully it works in 2026. https://t.co/uKANYty2Do pic.twitter.com/xnmF0dRMxd  — Benjamin Cowen (@benjamincowen) October 12, 2026  Break

3 دن پہلےانڈسٹری

Bitcoin Price Defies $681M ETF Outflow as Oil Trades Above $100

Bitcoin is holding above $80,000 even as Brent crude trades above $100 amid renewed Middle East tensions. The resilience is notable, but roughly $681 million of weekly U.S. spot bitcoin ETF outflows leaves institutional demand as the key test for the next move.  Key TakeawaysBitcoin held above $80K as Brent topped $100, despite $681M in weekly ETF outflows.Strategy added 250 BTC, lifting its holdings to 848,250 BTC as corporate demand continued.The key test is whether bitcoin can hold support if institutional ETF selling persists.  Bitcoin Holds Firm as Oil Shock Tests Institutional Demand  Bitcoin is refusing to break even as two familiar pressure points return at once: surging oil prices and weaker institutional flows.  Bitcoins price has remained above the $80,000 area while Brent crude trades at $107 a barrel amid renewed Middle East tensions. That relative stability stands out because higher energy prices can revive inflation fears, complicate monetary policy and pressure risk assets.  Yet the crypto market is not receiving much help from ETFs. U.S. spot bitcoin funds recorded roughly $681 million in weekly net outflows, raising the question of how long bitcoins price resilience can continue without fresh institutional buying.  Bitcoin Shrugs Off the Oil Shock  Bitget Wallet research analyst Lacie Zhang sees bitcoins

3 دن پہلےانڈسٹری

Ethereum price meets resistance: Can $2,575 unlock a rally?

Ethereum price has recovered toward $2,530 after last weeks slide, but resistance around $2,560–$2,575 stands between its rebound and a possible return to $2,700.  TradingViews Binance ETH/USDT daily chart placed Ethereum at $2,529.47 on Oct. 12, following a sharp retreat from the $2,700 region earlier in the month. Ether had rebounded from a low around $2,410 during the sell-off, although the recovery remained below two nearby daily moving averages.  The daily chart recorded a session high of $2,579.88 before ETH slipped back toward $2,530. The move briefly carried Ethereum into the resistance area identified by analysts, but the price had not held above that zone.  Ethereum faces resistance between $2,558 and $2,640  On TradingView‘s daily chart, Ethereum’s 50-day simple moving average stood at $2,558.10, roughly 1.1% above the displayed price. The 20-day average was higher at $2,640.41, placing a second technical hurdle above the immediate resistance band.  Ethereum price daily chart — Oct. 12 | Source: TradingView  Ethereums retreat below both averages followed its failure to sustain the late-September advance toward $2,800. The latest rebound had brought the price back toward the 50-day line, while the shorter 20-day average remained above it.  The daily chart also showed Ethereum trading above its 100-day moving average at $2,240.06 and

3 دن پہلےانڈسٹری

Frances tax proposal would tax Bitcoin-to-USDC swaps before investors cash out

Frances proposed crypto tax changes would make a move from Bitcoin or Ether into certain stablecoins a taxable disposal, even if the investor never withdraws cash.  Related Asset Bitcoin #1 BTC · $82,641.91 24-hour change: down 0.48% Loading price history… 24H Down 0.48% 7D Down 3.37% 30D Up 6.71%  The National Assemblys Finance Committee adopted amendment I-CF1826 on Oct. 7, adding that proposed exception to a broader overhaul of how private crypto gains are calculated. The provision would apply to disposals and exchanges from Jan. 1, 2027 if enacted.  For an investor selling Bitcoin exposure into USDC, the consequence would be a change in the tax timing of a risk-reduction trade. A gain could become reportable while the proceeds remain in a crypto wallet or exchange account. But the proposal also changes the cost deducted from those proceeds, and gives older holdings a transition choice.  Related Asset USDC USDC · Stablecoin  Under French tax authority guidance, covered crypto-to-crypto exchanges without a cash balancing payment receive tax deferral. Converting into fiat or using crypto to obtain other goods or services can already be taxable under the private-disposal regime, subject to its applicable exemption.  CF1826 would remove the exchange deferral when the investor receives e-money tokens as defined

3 دن پہلےانڈسٹری
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