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Anthropic Signs 20-Year Data Center Lease With TeraWulf, ~$19B in Revenue

July 6, 2026 at 11:05 EDT

Infra & Chips
Sales & Business

Anthropic, the developer of Claude AI, announced on July 6, 2026 that it has signed a 20-year lease covering the Justified Data Campus in Hawesville, Kentucky, with TeraWulf, a company transitioning into AI data centers. Expected revenue over the contract term totals about $19 billion.

July 6, 2026 · Anthropic × TeraWulf

Anthropic locks in 401 MW of AI compute in a 20-year, $19B lease

Anthropic signs a two-decade lease at TeraWulf's Justified Data Campus in Hawesville, Kentucky — a direct bet on owning long-term power and facilities to train and run its Claude models.

$19B

Contracted revenue over the term

401 MW

Critical IT load, purpose-built for AI/HPC

20 yrs

Initial lease term

Capacity ramp: from zero to full load

Delivered in phases — lease payments begin at facility delivery

Initial

partial

H2 2027

→

Full

401 MW

Early 2028

Two moves, one pivot

Signed

Anthropic lease at the Justified Data Campus, Hawesville, KY — TeraWulf owns and operates, keeping the customer relationship.

Sold

50.1% of the 168 MW Abernathy JV in Texas for ~$530M — recovering its $450M investment at a premium.

Market cheers

TeraWulf shares surged 16–20% — a long-term commitment from a major AI player validates its Bitcoin-mining-to-AI pivot.

The caution

Delivering reliably on the 2027–2028 schedule is the real test. At the lease stage, no operational assessment or direct comment from Anthropic yet.

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