First reported by MarketWatch
TeraWulf’s stock surges after a $19 billion deal with Anthropic
Anthropic signs 20-year lease for TeraWulf data center in Kentucky, shares jump 16%
By
Brian Sullivan, Spencer Kimball
1d ago· 1 min readenNews
Summary
Anthropic has signed a 20-year lease for a TeraWulf data center in Hawesville, Kentucky, with 400 megawatts of capacity and first power expected in the second half of 2027. The deal is projected to generate approximately $19 billion in revenue for TeraWulf over the initial term. TeraWulf, originally a crypto mining company pivoting to AI infrastructure, saw its shares surge over 16% in premarket trading following the announcement.
Source
bskyAnthropic signs 20-year lease for TeraWulf data center in Kentucky, shares jump 16%cnbc.comKey quotes
· 1 pulledThe Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies
TeraWulf is a crytpo mining company that has pivoted to AI data center infrastructure. Its stock is up more than 80% this year.
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