todayonchain.com

Bitcoin miners face a new rival for cheap power as Anthropic signs multi-gigawatt compute deal

CoinDesk
Anthropic's massive new compute deal intensifies competition with Bitcoin miners for scarce energy resources and grid capacity.

Summary

Anthropic has partnered with Google and Broadcom to secure multi-gigawatt compute capacity starting in 2027. This expansion highlights the growing tension as AI companies and Bitcoin miners compete for the same energy infrastructure, including grid connections and cheap electricity. As AI compute demand surges, many Bitcoin mining firms are pivoting toward renting their infrastructure to AI companies to secure more stable and predictable cash flows compared to the volatility of mining economics.

(Source:CoinDesk)