TeraWulf jumps on $19 billion data center lease deal with Anthropic

Reuters

Mon, July 6, 2026 astatine 8:35 AM CDT 1 min read

July 6 (Reuters) - TeraWulf said connected Monday it signed a 20-year lease with Anthropic ‌for information halfway infrastructure, a woody expected ‌to make astir $19 cardinal successful contracted revenue, sending the bitcoin ​miner's shares up much than 16% successful premarket trading.

The woody secures long-term, recurring gross for TeraWulf from an AI lawsuit arsenic it shifts distant ‌from relying connected ⁠bitcoin mining, a modulation the institution said successful May would progressively thrust its ⁠business.

Here are immoderate details:

• The Anthropic lease covers a purpose-built AI infrastructure field astatine TeraWulf's Justified ​Data tract ​in Hawesville, Kentucky.

• The ​campus volition enactment astir ‌401 megawatts of captious IT load, with archetypal capableness expected online successful the 2nd fractional of 2027 and afloat capableness by aboriginal 2028.

• Separately, TeraWulf agreed to merchantability its 50.1% involvement ‌in the Abernathy associated task ​to an capitalist radical led ​by spouse Fluidstack.

• ​The merchantability monetizes TeraWulf's astir $450 cardinal ‌investment astatine a premium to ​invested superior ​and frees up superior for wholly owned AI infrastructure projects.

• As of erstwhile close, TeraWulf ​shares had ‌gained astir 85% twelvemonth to date.

(Reporting by ​Anhata Rooprai and Anzar Mehraj successful Bengaluru; ​Editing by Vijay Kishore)