TeraWulf signs 20-year $19 billion AI data center lease with Anthropic and sells JV stake to fund expansion
first published 2026-07-08T06:30:09Z
TeraWulf entered a 20-year lease with Anthropic for its Kentucky AI campus, which is expected to produce about $19 billion in contracted revenue. The company also agreed to sell its 50.1% stake in the Abernathy joint venture to Fluidstack-led buyers in order to raise capital for future AI infrastructure projects. The Kentucky site is planned to reach 401 MW of critical IT load by early 2028.
AI Analysis
A long-term $19 billion lease and a planned 401 MW buildout indicate substantial contracted revenue and infrastructure growth, while the JV stake sale provides capital for expansion.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
Source Articles
- Terawulf and Anthropic Sign 20-Year AI Data Center Lease Worth $19 Billion - Bitcoin.com
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- Report: US Firms Shift to Chinese AI After Trump Administration Curbs on Anthropic Models - Bitcoin.com
- Crypto VC Paradigm launches $1.2 billion AI fund as it broadens beyond digital assets: BBG - CoinDesk
- Report: Paradigm Raises $1.2 Billion as AI Funding Outpaces Crypto Deals in 2026 - Bitcoin.com
