Crypto

Credit guarantees tied to Google are reshaping bitcoin miners into AI data center hosts, unlocking bank financing and altering crypto and AI power dynamics.

Google has quietly emerged as a central financial force behind a sweeping transformation in the U.S. bitcoin mining industry, backing billions of dollars in projects that repurpose mining sites into artificial intelligence data centers.

The Alphabet-owned technology giant, rather than buying mining companies outright, is using a credit-based structure that has provided at least $5 billion in disclosed financial backing to support AI infrastructure built on former bitcoin mining campuses, according to company filings and market