Following rumours that the AI company Anthropic is raising up to $20 billion in additional funding, valuing the business at over $350 billion, bitcoin mining stocks jumped. Strong investor demand for AI infrastructure is reflected in the deal.
Miners that ventured into high-performance computers and artificial intelligence experienced significant profits.
Hut 8 and TeraWulf increased by more than 8%, while IREN and Cypher Mining increased by more than 12%. Investors view the demand for AI as a new source of income for mining companies that rely heavily on energy.
Major players like Microsoft and Nvidia support Anthropic, the company that created the Claude chatbot. U.S. investor Coatue and Singapore’s sovereign wealth fund GIC are leading the investment round.
The rally shows that Bitcoin miners are now closely tied to AI trends, as many repurpose data centers for computing workloads. While Bitcoin prices remain range-bound, AI-linked opportunities are helping miners attract fresh investor interest.
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