Bitcoin miners face new competition from cheap electricity, as Anthropic signs multi-gigawatt computing power agreement.

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Golden Finance reports that on April 7, Anthropic reached its largest-scale compute cooperation agreement to date, working with Google and Broadcom to secure next-generation TPU compute power at the level of gigawatts starting in 2027. At the same time, its annualized revenue has grown from $9 billion as of the end of 2025 to $30 billion.

The rapid expansion of AI infrastructure is becoming a direct competitor to Bitcoin mining for scarce energy resources, including grid interconnection, land, cooling capacity, and low-cost power. Today, AI has become one of the largest sources of new electricity demand in the United States.

Under pressure from rising costs and fluctuations in mining economics, large Bitcoin mining companies are increasingly turning to carrying AI workloads, positioning themselves as providers of power and data-center infrastructure, while also balancing Bitcoin mining—not just being single-purpose mining companies.

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