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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move highlighting the intensifying race for AI compute capacity, Google is reportedly backing a massive $15 billion data center project for Anthropic in Texas. According to reports, the tech giant is providing support for lease and power obligations, facilitating a significant expansion for the AI firm. This substantial capital commitment from a mega-cap player has served as a major catalyst for the broader data center and infrastructure sectors.
The news triggered a sharp rally in Bitcoin mining stocks that are increasingly pivoting toward AI infrastructure, with shares of IREN and Hut 8 surging following the announcement. Per market data, HUT closed at $108.27 while IREN ended the session at $38.26 (close July 30, 2026). In the wider tech sector, peer performance was mixed as AAPL closed at $333.43 and MSFT at $451.10 on the same date.
Traders are monitoring GOOGL, which closed at $333.66 (close July 30, 2026), for further confirmation regarding the project's final financing terms. While the upcoming economic calendar shows no direct catalysts for these specific instruments in the next seven days, the market remains focused on the growing demand for AI infrastructure and its impact on the valuation of energy-heavy tech firms.