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

What Happened

Anthropic secured multiple gigawatts of computing capacity from Google and Broadcom starting 2027, intensifying competition with bitcoin miners for electricity, land, and cooling infrastructure. Bitcoin mining currently uses thirteen to twenty-five gigawatts globally. Mining companies increasingly convert operations to AI hosting due to better revenue predictability. Anthropic's business customers spending over one million dollars annually doubled to one thousand in two months.

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