Bitcoin Mining Stocks Climb Amid AI Sector Momentum from Anthropic

Anthropic is planning to raise $20 billion in its latest funding round, double its initial target, the Financial Times reported.

The San Francisco-based AI company, creator of the chatbot Claude, is securing fresh investment from venture capital and institutional backers, in a deal that would value the firm at $350 billion. Originally, Anthropic had aimed to raise $10 billion, but strong investor demand for AI quickly pushed the round higher, sources told the FT.

Between $10 billion and $15 billion of the capital is expected to be received as soon as Tuesday, with the remainder closing over the following weeks. The funding round is led by Singapore’s sovereign wealth fund GIC and U.S. investor Coatue, with Sequoia Capital also contributing a significant amount.

The announcement has boosted AI-linked markets, including bitcoin miners expanding into AI and high-performance computing (HPC). IREN (IREN) and Cipher Mining (CIFR) are up more than 12%, while Hut 8 (HUT) and TeraWulf (WULF) have gained over 8%. Near Protocol (NEAR) is also modestly higher at $1.38.

Anthropic previously drew strategic investments from Microsoft and Nvidia, which committed $10 billion and $5 billion, respectively.