CoreWeave Bond Yield Near 15% Raises Funding Hurdle for Bitcoin Miners' AI Pivot
- —CoreWeave 2032 notes yield near 14.6–15% against a 9.625% coupon
- —Core Scientific repaid a $1B facility, issued $3.3B of 7.75% secured notes
- —IREN: $3.6B Microsoft-linked financing at 6%, $2.4B at 9%
- —A 3-point rate rise on $1B of new debt adds $30M in annual interest
Why it matters: Higher debt costs constrain miners' AI capacity expansion and could slow their shift away from pure bitcoin mining.
Source: Coindoo