CGS wrote in his answer
Thinking of a spinning electron as a small current loop producing a magnetic dipole sometimes aids in visualizing the nature of the phenomenon. But as far as we know, electrons do not have a structure, so ultimately this is only an aid to us, not a real description. The spin of the electron and its associated magnetic moment is just something it has.
What if we treat the electron as an elementary particle with both an intrinsic electric field and an intrinsic magnetic field?
The electrons intrinsic magnetic field
Ampère deduced his law in 1820th. This time according to Wikipedia he defined a electrodynamic molecule (bolt highlighted by me):
Ampère also provided a physical understanding of the electromagnetic relationship, theorizing the existence of an "electrodynamic molecule" (the forerunner of the idea of the electron) that served as the component element of both electricity and magnetism. Using this physical explanation of electromagnetic motion, Ampère developed a physical account of electromagnetic phenomena...
That electrons have a magnetic field was found in 1920th, 100 years later. The value of the electrons magnetic moment is a constant and by this an intrinsic (independent from surrounding circumstances) property of the electron. Our usual view on the electron as only a charge is superficial and historically charged. In reality the electron is a charge and a magnet, with both fields of constant strength.
This view greatly simplifies the understanding of magnetic phenomena:
- permanent magnets are such because of the self-alignment of the involved subatomic particles
- the dismagneotisation of magnets by rising temperatures happens due to the more intensive thermal movement of the subatomic particles which destroy the self-alignment of the magnetic dipoles
- the condensation of some gases by ultra-cold temperatures to self-aligned system (Bose Einstein condensate) happens again because of the suppressed thermic motion and the asymmetric magnetic moments in the molecules
- and finally, the conclusion that costs the most to overcome, magnetic fields from coils occur again because of the alignment of the magnetic dipoles of the involved electrons.
The spin as a secondary phenomenon of the electrons magnetic field
What if we treat spin as a secondary phenomenon of the magnetic dipole of electrons?
Then the Lorentz force is explained as follows. An electron moves with its kinetic energy into an external magnetic field. The magnetic dipole of the electron is aligned to this field and during the alignment a photon is emitted (please note that the electron actually radiates). The photon has a recoil moment and the electron is deflected laterally and at the same time misaligned. This process is repeated as long as the kinetic energy of the electron is exhausted and the electron has come to a standstill in the middle of its spiral path.
Follow such treatment, the spin is a phenomenon of the intrinsic magnetic field of the electrons and its alignment by an external field. The fine and hyperfine structures were found in this way. Only the interpretation was too demanding. The spin is a phenomenon of magnetic dipole moment of subatomic particles, not a separate entity.