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TeraWulf Secures Massive AI Deal with Anthropic
6 Jul
Summary
- TeraWulf and Anthropic signed a 20-year lease for a 401MW AI campus.
- The deal is expected to generate $19 billion in contracted revenue.
- Power delivery for the Kentucky-based campus begins in late 2026.
TeraWulf Inc. announced a landmark 20-year lease agreement with Anthropic, a prominent AI company. This substantial deal centers on a purpose-built AI infrastructure campus located at TeraWulf's Justified Data site in Kentucky, offering 401 megawatts of critical IT capacity. The agreement aims to meet the escalating demand for compute power within the AI sector.
The lease is projected to yield around $19 billion in contracted revenue for TeraWulf over its initial term. This agreement validates the company's strategic focus on developing large-scale AI data center campuses. Power delivery to the new infrastructure is slated to commence in the latter half of 2026.
TeraWulf also recently divested its stake in the Abernathy Joint Venture. This move, involving the sale of its 50.1% ownership, is designed to monetize its investment and redirect capital toward expanding its wholly-owned AI infrastructure portfolio.
