Nvidia is in intensive talks to invest $10 billion in the initial public offering (IPO) of artificial intelligence company Anthropic. Anthropic is targeting to raise up to $100 billion in its public debut, according to a recent Reuters report. That fundraising target would place Anthropic’s market valuation at around $2 trillion, potentially making its stock market listing the largest IPO in capital market history.
Strengthening Hardware Client Ties
Nvidia’s multibillion-dollar capital injection is not merely seeking profits from share price appreciation. The funding move is specifically designed to strengthen the partnership between Nvidia and Anthropic. The AI firm plays a vital role in Nvidia’s ongoing business as one of its primary compute chip buyers. Securing an equity stake in Anthropic effectively secures a long-term stream of hardware orders for Nvidia’s manufacturing operations.
The stake in Anthropic extends Nvidia’s recent string of shopping sprees. The silicon maker recently completed a $12.9 billion acquisition to take full control of AI developer platform Hugging Face. The purchase of that platform grants Nvidia direct access to an ecosystem home to more than 18 million software developers worldwide, hosting an expansive catalog of 3 million ready-to-use artificial intelligence models.
Power Supply from Bitcoin Miners
Anthropic’s operational needs to support its $2 trillion valuation are beginning to draw power resources from the crypto mining sector. High-level artificial intelligence computing requires a robust and constant supply of electricity. Capitalizing on this opportunity, Bitcoin mining company Riot Platforms stepped in to sign a power supply agreement for Anthropic in August 2026.
The collaboration between the Bitcoin miner and the AI model developer binds both parties through a 20-year contract with a commercial value of $9 billion. Riot Platforms is obligated to supply a constant 191 megawatts of power from its mining facility in Rockdale, Texas. Power capacity originally projected purely for minting new Bitcoin blocks is now being diverted to power Anthropic’s machine infrastructure.
The ties between chipmakers, software platform developers, and Bitcoin miners highlight a new evolution in cross-sector adoption. The artificial intelligence supply chain is now engaging crypto mining operators to repurpose their facilities into primary power suppliers for the AI ecosystem. Reported by Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
