TeraWulf has secured a 20-year lease agreement with AI company Anthropic for its Justified Data campus in Kentucky, expected to generate about $19 billion in revenue. The campus will support up to 401 MW of IT load, with initial operations starting in late 2027. Additionally, TeraWulf sold its 50.1% stake in the Abernathy Joint Venture to Fluidstack, monetizing a $450 million investment at a premium. These moves strengthen TeraWulf's financial position, increase long-term revenue visibility, and allow reinvestment into wholly owned AI infrastructure projects where it retains full control and customer relationships.
TeraWulf's shares rose 13% after signing a 20-year lease agreement with Anthropic for AI infrastructure at its Kentucky data campus, expected to generate $19 billion in revenue. The campus will support 401 megawatts of IT load, with initial capacity ...
TeraWulf's stock surged following a $19 billion, 20-year lease agreement with Anthropic to use its data center in Kentucky. The facility will provide about 401 megawatts of capacity to support Anthropic's artificial intelligence computing needs. Init...
Anthropic has signed a 20-year lease to use a TeraWulf data center located near Louisville, Kentucky. The data center will have a capacity of around 400 megawatts, with the first power delivery expected in the second half of 2027. This lease deal is ...
