Bitcoin miner TeraWulf (NASDAQ: WULF) has announced a 20-year lease with AI company Anthropic covering roughly 401 MW of AI data center capacity, expecting to generate about $19 billion in contracted revenue over the initial 20-year term.
July 6, 2026 · TeraWulf (NASDAQ: WULF)
A $19 Billion, 20-Year AI Lease with Anthropic
The former Bitcoin miner signed Anthropic as anchor customer for ~401MW of AI data center capacity at its Justified Data Campus in Kentucky — cementing a pivot from crypto mining toward AI infrastructure.
$19B
Contracted revenue over the initial term
~401MW
Critical IT load, built across multiple phases
20 yrs
Initial lease term, investment-grade backed
Scaling up the AI-infrastructure pivot
Contracted revenue across TeraWulf's major AI deals — the Anthropic lease dwarfs prior agreements.
~$3.7B
Fluidstack
$19B
Anthropic
Deal Terms
Location: Justified Data Campus, Hawesville, Kentucky
Part of a 480MW-scale site acquired Feb 2026
Signed via subsidiary Raylan Data LLC
Anthropic is the anchor customer commitment
Buildout Timeline
H2 2027
Initial capacity online
→
Early 2028
Full 401MW reached
Parallel Move
TeraWulf agreed to sell its 50.1% stake in the 168MW Abernathy JV to a Fluidstack-led group.
The company said it would monetize its ~$450M investment at a premium and reinvest proceeds into wholly owned AI infrastructure — while simplifying joint-venture accounting.
+15–20%
Shares reported to have risen after the announcement, as investors priced in tailwinds for the neocloud / AI-infrastructure sector.
Because the announcement precedes the start of operations, no usage-based assessment yet exists.
Continue reading The rest of this article is for AI News Blitz readers. Choose an option below to keep reading.
Already purchased? Sign in ✓ Signed in — this article isn’t included in your current plan.Unlocking the full article…