TeraWulf signed a 20-year lease with Anthropic for a 401 MW AI data center campus in Kentucky expected to generate $19 billion in revenue, while selling its Texas JV stake for $530 million. The deal validates TeraWulf's pivot from crypto mining to AI infrastructure and sent shares up more than 16% in premarket trading.
TeraWulf is a crypto mining company that has pivoted to AI data center infrastructure.
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