CoreWeave-Anthropic Agreement Impacts BTC Miners

CoreWeave-Anthropic Multi-Year Agreement

Publicly traded AI cloud infrastructure company CoreWeave announced a multi-year agreement with AI developer Anthropic on Friday. Anthropic will use CoreWeave's cloud computing data centers for Claude AI model workloads. The agreement will be implemented in phases and has potential for expansion over time. Following the announcement, CoreWeave shares rose more than 12% to trade at $102.73.

CoreWeave's share price rose following the announcement. Source: Yahoo Finance

This agreement follows CoreWeave's $8.5 billion capital raise led by Meta Platforms. The company transitioned from crypto mining to AI infrastructure in 2019. Bitcoin (BTC) miners, on the other hand, are struggling due to rising energy costs, decreasing rewards, and falling crypto prices. According to a CoinShares report, 20% of miners are unprofitable in the current environment. BTC price fell from $126,000 to the $60,000 range during the October 2025 crash and is currently trading at $78,311 (+2.77% 24h). AI workloads are becoming more profitable compared to mining, which competes for electricity; this shift is moving data centers from BTC miners to AI.

Average Bitcoin mining cost in USD for many large mining companies. Source: CoinShares

BTC Technical Analysis and Supports/Resistances

Although BTC is in an uptrend, Supertrend is giving a bearish signal. RSI at 65.62 is in the neutral zone. EMA 20: $74,118. Click for detailed BTC analysis.

• Supports: S1 $75.759 (Strong, -3.29%), S2 $77.668 (Strong, -0.85%)
• Resistances: R1 $78.927 (Strong, +0.75%), R2 $83.437 (Strong, +6.51%)

While AI competition increases for miners, monitor volatility in BTC futures. BTCUSDT spot is stable.