Bitcoin miners pivoting to AI face $50 billion funding gap

• —IREN, Riot and HIVE face a $50 billion funding gap for AI projects, per VanEck
• —IREN shortfall is $21.1 billion, Riot $7.2 billion and HIVE $4.6 billion
• —IREN raised $3.65 billion at 6% and $2.4 billion at 9%
• —Google guaranteed $1.4 billion of Cipher Digital leases for a 5.4% stake