According to Bloomberg, NVIDIA is preparing to issue a multi-tranche bond offering totaling at least $20 billion, in seven types, with maturities ranging from 2 to 30 years, to fund AI-related investments and refinance existing debt. At the same time, bitcoin mining companies are accelerating their shift to AI and high-performance computing (HPC) services—publicly listed miners have confirmed announcing that they have cumulatively signed more than $70 billion worth of AI and HPC contracts.
Bloomberg: Details on NVIDIA’s Seven Bond Structures
According to Bloomberg’s confirmed report, the confirmed details of the seven bonds NVIDIA plans to issue are as follows:
Total size: at least $20 billion
Bond types: seven tranches issued in installments
Maturity range: shortest 2 years, longest 30 years
Pricing for long-term bonds: expected to be about 0.9 percentage points higher than comparable U.S. Treasuries (spread)
Use of proceeds: AI-related investments and refinancing of existing debt
In addition, NVIDIA has announced partnerships with SK hynix, Naver, SK Telecom, the Doosan Group, the LG Group, and the Hyundai Motor Group, covering memory chips, AI data centers, robotics, mobility, and industrial AI systems.
Bitcoin Miner AI Transition: Confirmed Data and Revenue Forecasts
Multiple bitcoin mining companies have confirmed partial or significant shifts into AI and HPC businesses, including HIVE Digital, TeraWulf, Hut 8, and CleanSpark, opening up new revenue streams by reusing existing facilities and power supply agreements.
Total contract value: more than $70 billion in accumulated AI and HPC contracts announced by publicly listed miners
Revenue share (current): about 30%
Revenue share (industry forecast through end of 2026): up to 70% (this is an industry forecast, not confirmed figures)
Performance of mining stocks: a basket of bitcoin mining stocks rose more than 50% in the first few months before 2026 (bitcoin in the same period fell by about 17%)
Mining profit margin pressure: TheEnergyMag confirms miners sold more than 15,000 BTC
Based on TheEnergyMag’s data, bitcoin miners sold more than 15,000 BTC between October and March, due to increased mining difficulty and operating costs after the April 2024 halving, compressing profit margins across the entire industry. Some market observers describe the current situation as “the harshest margin environment the industry has experienced” (this is commentary from market observers, not official data).
Canaan (嘉楠科技) Data: Q2 Guidance Far Below Expectations, Compliance Deadline on July 13
According to Canaan’s June operating update confirmation:
June production: 90 BTC (plus 24 received from customers)
Q2 revenue guidance: $35 million to $45 million
Analyst consensus: about $96 million (guidance is below expectations)
Nasdaq compliance deadline: Canaan must regain compliance with Nasdaq’s minimum $1 share price requirement by July 13, 2026 (due to receiving a second notice of violation in January 2026)
FAQ
What is the main use of NVIDIA’s $20 billion bond offering?
According to Bloomberg, NVIDIA plans to issue at least $20 billion in multi-tranche bonds to fund AI-related investments and refinance existing debt. The maturities of the seven bonds range from 2 to 30 years, and the longest-maturity bonds are expected to be priced about 0.9 percentage points higher than comparable U.S. Treasuries. Sources familiar with the matter provided the above information to Bloomberg.
What is the main way bitcoin miners are shifting to AI services?
According to Crypto.news, miners’ main approach is to reuse existing data center facilities and the power agreements originally obtained for bitcoin mining, to provide computing power services to AI and HPC customers, thereby establishing revenue sources that rely less on crypto market cycles. HIVE Digital, TeraWulf, Hut 8, and CleanSpark have all been confirmed as companies that have expanded into this kind of business.
What does Canaan’s July 13 Nasdaq compliance deadline mean?
Canaan received Nasdaq’s second notice of violation in January 2026 due to the stock price continuing to stay below the minimum $1 buy-in standard. Crypto.news reports confirmed that Canaan must regain Nasdaq compliance requirements by July 13, 2026, or face further regulatory procedures.
