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

DeepFlowTech · 2026-04-07T05:11:49+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.

DeepFlowTech

2026-04-07 05:11:49

Abstract generation in progress

Deep Tide TechFlow message, April 07, according to a report by CoinDesk, AI company Anthropic announced that it has reached what is its largest-ever compute capacity cooperation agreement to date with Google and Broadcom. It plans to deploy next-generation TPU compute capacity at the gigawatt scale starting in 2027. The company’s annualized revenue has jumped from $9 billion at the end of 2025 to $30 billion.

The large-scale expansion of AI infrastructure is directly competing with Bitcoin mining for scarce resources such as grid connections, land, cooling facilities, and low-cost power. Cambridge tracking data shows that global Bitcoin mining continues to consume electricity of roughly 13 to 25 gigawatts, while a single Anthropic deal locks in gigawatts of capacity. AI has become one of the largest sources of new electricity demand in the United States.

Against this backdrop, Bitcoin miners are accelerating their shift toward AI hosting services. Core Scientific has redirected a large amount of compute capacity to AI hosting, while Iris Energy and Hut 8 have expanded their high-performance computing revenue. Last week, Riot, MARA, and Genius Group collectively sold off more than 19,000 BTC, indicating that simply relying on mining earnings can no longer sustain operations. Analysts note that, given a Bitcoin price of about $69,000, the network’s total hashrate reaching an all-time high, and energy costs continuing to rise, renting infrastructure to AI companies is often more economically effective than mining.

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