AI infrastructure debt issuance tops $1 trillion as hyperscalers face investor pushback on yields and terms, while crypto-native lending emerges

McKinsey projects $7T in data center investment by 2030, with 75% financed through debt. Credit spreads are widening as AI infrastructure

Hyperscalers issued roughly $121 billion in AI-related bonds in 2025, pushing collective debt to $350 billion and raising credit risk concerns

AI infrastructure debt issuance tops $1 trillion as hyperscalers face investor pushback on yields and terms, while crypto-native lending emerges