Shares of bitcoin mining companies moved sharply higher as renewed optimism around artificial intelligence spilled into crypto linked equities. The rally followed reports that Anthropic is preparing to raise around 20 billion dollars in a new funding round, a deal that would value the company at roughly 350 billion dollars. The fundraising effort is significantly larger than initially planned and reflects surging investor appetite for large scale AI infrastructure. Market participants interpreted the news as a positive signal for firms that provide computing power and energy intensive services, including bitcoin miners that have diversified into high performance computing. As enthusiasm around AI investment builds, miners with flexible infrastructure are increasingly viewed as indirect beneficiaries of capital flowing into the sector.
Several publicly listed mining firms posted double digit gains as investors repositioned around the AI narrative. Companies such as IREN, Cipher Mining, Hut 8 and TeraWulf, which have shifted part of their operations toward data centers optimized for artificial intelligence workloads, led the advance. These firms have been repurposing mining facilities to support cloud computing and machine learning demands, seeking more stable revenue streams alongside traditional bitcoin mining. The strong price reaction suggests markets are rewarding miners that align themselves with AI growth rather than relying solely on crypto price cycles. Even AI adjacent digital assets saw modest gains, reinforcing the perception that capital is rotating toward technology driven themes linked to computing infrastructure.
The funding round is reportedly backed by major institutional investors, with leadership from Singapore’s sovereign wealth fund GIC and U.S. based Coatue, alongside participation from Sequoia Capital. Previous commitments from technology giants such as Microsoft and Nvidia have already positioned Anthropic as a central player in the AI ecosystem. For bitcoin miners, the development highlights a growing convergence between crypto infrastructure and artificial intelligence. As demand for power dense computing accelerates, miners with access to energy, cooling and large scale facilities may find themselves increasingly integrated into the broader digital economy rather than operating at its margins.
