Bitcoin Miners See Gains Amid Anthropic’s $20 Billion Fundraising
- AI firm Anthropic is set to raise $20 billion, valuing the company at $350 billion.
- The funding round was initially targeted at $10 billion but exceeded expectations due to investor interest.
- Investors include Singaporean sovereign wealth fund GIC and U.S.-based Coatue, with Sequoia Capital also participating.
- Bitcoin miners like IREN and Cipher Mining have gained over 12%, while Hut 8 and TeraWulf have seen increases of more than 8%.
- Near Protocol (NEAR) has also experienced a modest rise, currently priced at $1.4735.
The influx of capital into Anthropic reflects a growing trend in AI investment, which is positively impacting bitcoin miners pivoting towards AI technologies. Major tech players Microsoft and Nvidia previously committed $10 billion and $5 billion, respectively, to support Anthropic’s growth.
As a result of this funding news, bitcoin mining companies are experiencing significant stock price increases, with some rising over a notable percentage on the day of the announcement.
