Anthropic has announced partnerships with Google and Broadcom to deliver “multi-gigawatts” of next-generation TPU computing power expected to come online starting in 2027, a commitment the company calls its most significant yet as annual revenue growth accelerates to $30 billion from $9 billion by the end of 2025.
The scale of AI computing needs now directly competes with Bitcoin mining for the same scarce resources—grid connections, land permits, cooling infrastructure, and cheap electricity.
We signed an agreement with Google and Broadcom to provide several gigawatts of next-generation TPU capacity, which will come online starting in 2027 to train and serve cutting-edge Claude models.
— Human (@AnthropicAI) April 6, 2026
Cambridge Trackers estimates that Bitcoin mining consumes approximately 13 to 25 gigawatts of continuous electricity globally, based on hardware efficiency assumptions.
Anthropic secured multiple gigawatts from a single deal, in addition to existing capacity in AWS Trainium, Google TPUs and Nvidia GPUs, demonstrating how quickly AI is becoming a peer competitor to the same energy infrastructure that miners rely on.
Anthropic is a company. OpenAI, which raised $122 billion last week and described computing as a “strategic moat,” is building a broader infrastructure portfolio spanning five cloud providers and four chip platforms.
The overall construction of AI computing now represents one of the largest sources of new electricity demand in the United States, at the same time that Bitcoin miners are deciding whether to mine Bitcoin or lease their infrastructure to AI companies.
This decision is increasingly moving in one direction. Core Scientific will convert the majority of its mining capacity to AI hosting through an agreement with CoreWeave. Iris Energy and Hut 8 expand artificial intelligence and high-performance computing revenue. Riot Platforms, MARA Holdings, and Genius Group disclosed selling more than 19,000 Bitcoins from their inventories last week, demonstrating that mining economics alone cannot sustain operations at current prices and difficulty levels.
The revenue earned by Bitcoin miners running gigawatts of capacity fluctuates with the price of Bitcoin and network difficulty. The same gigawatts of power leased to an AI company can earn contract rates and predictable cash flow.
With Bitcoin prices at $69,000 and at all-time highs, and energy costs rising as other industrial consumers compete for the same grid capacity, AI rents are generally better paid.
The revenue numbers behind the expansion tell their own story. Anthropic said the number of business customers who spend more than $1 million annually on Claude doubled in less than two months, from 500 to more than 1,000.
However, this does not mean that Bitcoin mining is dying. The network’s hashrate continues to hit record levels of over 1 Zetahash per second.
But the miners who survive the current cycle may look less like the energy companies that produce Bitcoin and more like infrastructure companies that happen to be mining Bitcoin while leasing their physical assets, cheap electricity at scale, to an AI industry that can’t build data centers fast enough.