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Home/Tech/TeraWulf Signs $19B Anthropic Lease for 401MW AI Campus
VERIFIEDBy Xavier Rivera· ·1 min read

TeraWulf Signs $19B Anthropic Lease for 401MW AI Campus

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.

Source:WSJ
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TeraWulf Signs $19B Anthropic Lease for 401MW AI Campus
TL;DRAI · 60 sec read

TeraWulf signs a 20-year lease with Anthropic for a 401 MW AI campus in Kentucky expected to bring in $19 billion. Power delivery begins in late 2027. The company also sells its Texas data center stake for $530 million. Shares rise over 16 percent on the AI pivot validation.

TeraWulf has signed a 20-year lease with Anthropic for a purpose-built AI infrastructure campus in Kentucky that is expected to generate approximately $19 billion in contracted revenue over the initial term.

Anthropic commits to TeraWulf data center in Kentucky. Anthropic signed the lease on Monday for a facility located about an hour southwest of Louisville in Hawesville. The data center will have capacity of around 400 megawatts, with first power delivery expected in the second half of 2027.
TeraWulf is a crypto mining company that has pivoted to AI data center infrastructure.

TeraWulf plans to develop 401 MW of critical IT load in phases starting late 2027, with the full AI campus targeted for completion by 2028. The lease covers the Justified Data site.
From The CircuitryThe Feed — live briefs across tech, all day.See what’s happening →
TeraWulf monetizes stake in Texas data center joint venture. The company agreed to sell its 50.1% stake in a 168-megawatt data center in Abernathy, Texas, to an investor group led by Fluidstack. The transaction values the stake at around $530 million and monetizes the investment at a premium.

Shares surge on validation of AI pivot strategy. TeraWulf shares soared more than 16% in premarket trading following the announcement. The stock is up more than 80% this year.
TeraWulf is a crypto mining company that has pivoted to AI data center infrastructure. CEO Paul Prager said the Anthropic lease validates the company's strategy and establishes a long-duration revenue stream with one of the world’s leading AI companies.
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