Anthropic Signs a $35B Cloud Deal: The AI Compute Arms Race—Now Mining Companies Get a Share
Anthropic and Nvidia-backed capital have locked in a $35 billion compute agreement, and the story of on-chain miners pivoting to AI has been further fuelled.
Anthropic has agreed to a $35 billion cloud computing/compute deal, arranged with Nvidia taking the lead. Put simply: AI companies are locking in a decade-level supply of compute capacity. Nvidia provides the funding and chips, while one of the parties responsible for supplying data centers, power, and operations and maintenance includes publicly listed bitcoin miner Hut 8. The most valuable assets miners hold are not mining machines, but power capacity that is already connected to the grid and existing data centers—exactly the scarcest things during the AI expansion phase. A figure like $35 billion ranks among the top tiers across the entire history of cloud computing.
One-sentence translation: AI companies are short on power and data centers—more urgently than they are short on chips—so miners’ power licenses become hard currency.
Impact on the market
- Short term: Positive on sentiment. The pivot of BTC miners to AI has been a repeatedly traded main theme over the past year. Benchmark cases like Hut 8 can boost sentiment in related stocks and the mining-coin segment. For the broader market, BTC is currently $77,855.61 (24h -0.34%), ETH $2,448.47 (-0.31%). This kind of industry-level news is a slow variable for coin prices, but it can improve expectations about “more diversified miner revenues and reduced selling pressure.”
- Medium term: If miners sell compute capacity to AI, it could mean the growth rate of the total bitcoin network’s hash power may slow, and marginal selling pressure could ease—structurally positive for BTC from the supply side. At the same time, it confirms a trend: crypto infrastructure is being repriced through the lens of AI.
My take
I lean bullish on this, but the level is “strengthening of the industry narrative,” not “immediate upside.” For BTC in the short run, watch whether it can reclaim and hold around $78,000—if it holds, sentiment could continue. If it instead ranges above $77,000, that’s not necessarily weak either. The risk is that $3.5 billion is a long-cycle deal with a slow execution pace. If the market trades only a one-day burst of hype and then fades, don’t chase the emotional highs. ETH tends to follow the broader market but has slightly more upside/downside elasticity.
- Coins: BTC / ETH
- Direction: Bullish 📈 Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “Bitcoin network prepares for the next billion transactions: a crypto milestone” (2024-05-06), BTC’s 12h return was -1.02%. The bullish forecast was incorrect.
- There have been 282 BTC bullish-news items historically; in 122 cases, the predicted direction matched the actual move (accuracy 43%).
#AI Infrastructure
⚠️ Not investment advice
Anthropic and Nvidia-backed capital have locked in a $35 billion compute agreement, and the story of on-chain miners pivoting to AI has been further fuelled.
Anthropic has agreed to a $35 billion cloud computing/compute deal, arranged with Nvidia taking the lead. Put simply: AI companies are locking in a decade-level supply of compute capacity. Nvidia provides the funding and chips, while one of the parties responsible for supplying data centers, power, and operations and maintenance includes publicly listed bitcoin miner Hut 8. The most valuable assets miners hold are not mining machines, but power capacity that is already connected to the grid and existing data centers—exactly the scarcest things during the AI expansion phase. A figure like $35 billion ranks among the top tiers across the entire history of cloud computing.
One-sentence translation: AI companies are short on power and data centers—more urgently than they are short on chips—so miners’ power licenses become hard currency.
Impact on the market
- Short term: Positive on sentiment. The pivot of BTC miners to AI has been a repeatedly traded main theme over the past year. Benchmark cases like Hut 8 can boost sentiment in related stocks and the mining-coin segment. For the broader market, BTC is currently $77,855.61 (24h -0.34%), ETH $2,448.47 (-0.31%). This kind of industry-level news is a slow variable for coin prices, but it can improve expectations about “more diversified miner revenues and reduced selling pressure.”
- Medium term: If miners sell compute capacity to AI, it could mean the growth rate of the total bitcoin network’s hash power may slow, and marginal selling pressure could ease—structurally positive for BTC from the supply side. At the same time, it confirms a trend: crypto infrastructure is being repriced through the lens of AI.
My take
I lean bullish on this, but the level is “strengthening of the industry narrative,” not “immediate upside.” For BTC in the short run, watch whether it can reclaim and hold around $78,000—if it holds, sentiment could continue. If it instead ranges above $77,000, that’s not necessarily weak either. The risk is that $3.5 billion is a long-cycle deal with a slow execution pace. If the market trades only a one-day burst of hype and then fades, don’t chase the emotional highs. ETH tends to follow the broader market but has slightly more upside/downside elasticity.
- Coins: BTC / ETH
- Direction: Bullish 📈 Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “Bitcoin network prepares for the next billion transactions: a crypto milestone” (2024-05-06), BTC’s 12h return was -1.02%. The bullish forecast was incorrect.
- There have been 282 BTC bullish-news items historically; in 122 cases, the predicted direction matched the actual move (accuracy 43%).
#AI Infrastructure
⚠️ Not investment advice
