First reported by MarketWatch
TeraWulf’s stock surges after a $19 billion deal with Anthropic
Anthropic Signs 20-Year, $19 Billion Data Center Lease with Former Bitcoin Miner TeraWulf
Digital infrastructure company TeraWulf, formerly a Bitcoin miner, has signed a 20-year lease with Anthropic (creator of Claude AI) for a purpose-built AI data center campus at its Justified Data site in Hawesville, Kentucky. The deal is expected to generate approximately $19 billion in revenue and represents a major strategic pivot for TeraWulf from Bitcoin mining toward providing high-performance computing capacity for AI workloads. The agreement gives Anthropic long-term access to future AI computing capacity.
Key quotes
The agreement gives Anthropic a long-term source of future high-performance computing capacity.
For TeraWulf, whose business has roots in bitcoin mining, the lease is a major test of whether power-heavy digital infrastructure can be converted into predictable AI data center revenue.
TeraWulf's Anthropic data center lease is expected to generate about $19 billion as the bitcoin miner pivots toward future Claude AI infrastructure capacity.
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