Anthropic's multi-gigawatt AI compute deal challenges bitcoin miners for cheap power starting 2027.

Anthropic has partnered with Google and Broadcom to secure multiple gigawatts of next-generation TPU compute capacity starting in 2027, marking its largest deal amid rapid revenue growth to $30 billion. This surge in AI infrastructure demand is directly competing with bitcoin mining for scarce resources like cheap electricity, grid connections, and cooling. As bitcoin mining economics become more volatile, many miners are shifting to hosting AI workloads for steadier revenue. This trend signals a shift where miners may become infrastructure providers renting power to AI firms rather than focusing solely on mining bitcoin.