Shares of cryptocurrency mining companies with AI infrastructure investments surged on March 15, 2025, following reports of a $20 billion funding round for AI research lab Anthropic. Iris Energy (IREN) and Cipher Mining (CIFR) saw their stocks rise over 12%, while Hut 8 (HUT) and TeraWulf (WULF) gained approximately 8%. This rally reflects a market trend where crypto miners are diversifying into AI infrastructure, driven by the demand for high-performance computing resources. The $20 billion funding for Anthropic, one of the largest in tech history, underscores the growing need for AI development infrastructure. Mining companies, with their large-scale data centers and expertise in power procurement, are well-positioned to meet this demand. This strategic pivot from crypto to AI compute offers these firms more stable revenue streams, appealing to a broader investor base.