Analysis: AI computing power expansion is competing for cheap electricity, prompting Bitcoin miners to accelerate their transformation

CycleProphet · 2026-04-07T05:11:04+00:00

AI company Anthropic has reached a large-scale computing power partnership agreement with Google and Broadcom, aiming to deploy the next-generation TPU computing power by 2027, with annual revenue expected to reach $30 billion. As AI infrastructure expands, Bitcoin miners are shifting to AI hosting to cope with competition for resources such as electricity and land. Analysis indicates that leasing infrastructure is often more cost-effective than mining.

CycleProphet

2026-04-07 05:11:04

Abstract generation in progress

Deep Tide TechFlow message. April 07, according to CoinDesk, AI company Anthropic announced that it has reached what is its largest-scale computing power collaboration agreement to date with Google and Broadcom. It plans to deploy next-generation TPU computing power at the gigawatt-scale level starting in 2027. The company’s annualized revenue has jumped from $9.0 billion at the end of 2025 to $30.0 billion.

The large-scale expansion of AI infrastructure is directly competing with Bitcoin mining for scarce resources such as grid access, land, cooling facilities, and cheap electricity. Data tracked by Cambridge shows that global Bitcoin mining continues to consume electricity on the order of about 13 to 25 gigawatts, while Anthropic’s single contract has already locked in capacity of multiple gigawatts. AI has become one of the largest sources of new U.S. electricity demand.

Against this backdrop, Bitcoin miners are accelerating their shift toward AI hosting services. Core Scientific has redirected a large amount of computing power toward AI hosting. Iris Energy and Hut 8 have expanded high-performance computing revenue. Last week, Riot, MARA, and Genius Group together sold more than 19,000 BTC, showing that operating solely by relying on mining revenue is no longer sustainable. Analysts point out that, against the backdrop of a Bitcoin price of about $69,000, the network’s total hashrate hitting an all-time high, and energy costs continuing to rise, renting infrastructure to AI companies is often more economically beneficial than mining.

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