The Landau--Lifshitz--Bloch equation (LLBE) describes the evolution of magnetic spin field in a ferromagnet at high temperatures. We consider a viscous (pseudo-parabolic) regularisation of the LLBE for temperatures higher than the Curie temperature, which we call the $\epsilon$-LLBE. Variants of the $\epsilon$-LLBE are applicable to model pattern formation, phase transition, and heat conduction for non-simple materials, among other things. In this paper, we show well-posedness of the $\epsilon$-LLBE and the convergence of the solution $\boldsymbol{u}^\epsilon$ of the regularised equation to the solution $\boldsymbol{u}$ of the LLBE as $\epsilon\to 0^+$. As a by-product of our analysis, we show the existence and uniqueness of regular solution to the LLBE for temperatures higher than the Curie temperature. Furthermore, we propose a linear fully discrete conforming finite element scheme to approximate the solution of the $\epsilon$-LLBE. Error analysis is performed to show unconditional stability and optimal uniform-in-time convergence rate for the schemes. Several numerical simulations corroborate our theoretical results.

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