Why did TeraWulf (NASDAQ:WULF) sign a US$19 billion agreement with Anthropic?

TeraWulf (NASDAQ:WULF) signed a 20-year lease with Anthropic (private) for a purpose-built AI data centre. The company said the agreement is expected to generate about US$19 billion in contract revenue and supports its expansion into AI infrastructure.

What will Anthropic use TeraWulf's (NASDAQ:WULF) data centre for?

TeraWulf (NASDAQ:WULF) said Anthropic will lease its Justified Data campus in Kentucky, which is designed to provide 401 megawatts of critical IT capacity. Initial operations are expected in the second half of 2027, with full buildout targeted for early 2028.

Why is TeraWulf (NASDAQ:WULF) selling its Abernathy joint venture stake?

TeraWulf (NASDAQ:WULF) agreed to sell its 50.1% stake in the Abernathy AI data centre joint venture to an investor group led by Fluidstack. The company said it expects to recover about US$450 million to reinvest in wholly owned AI infrastructure projects.

How did the market react to TeraWulf's (NASDAQ:WULF) announcements?

TeraWulf (NASDAQ:WULF) shares rose about 12% in morning trading following the announcements. The company has also gained roughly 107% since the start of the year as investors responded to its AI infrastructure strategy.

Why are Bitcoin (CRYPTO:BTC) miners expanding into AI infrastructure?

Companies such as TeraWulf (NASDAQ:WULF) are using existing power-rich sites to support artificial intelligence and high-performance computing workloads. Industry analysts estimate the transition could require about US$50 billion in new investment across the sector.

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TeraWulf signs US$19B Anthropic AI deal

Written by Brie CarterPublished Jul 7, 2026, 1:42 AM

TeraWulf signed a 20-year AI data centre lease with Anthropic expected to generate about US$19 billion in contract revenue.
The company also agreed to sell its majority stake in an AI joint venture to fund wholly owned AI infrastructure projects.
TeraWulf shares rose about 12% after the announcements as it continued shifting beyond Bitcoin mining.

TeraWulf (NASDAQ:WULF) signed a 20-year lease with Anthropic for a purpose-built artificial intelligence data centre that the company said is expected to generate about US$19 billion in contract revenue.

The agreement covers TeraWulf's Justified Data campus in Hawesville, Kentucky, which is designed to support 401 megawatts of critical IT capacity, with initial operations expected in the second half of 2027 and full completion targeted for early 2028.

TeraWulf also agreed to sell its 50.1% stake in the Abernathy AI data centre joint venture to an investor group led by Fluidstack, with the company expecting to recover its approximately US$450 million investment for reinvestment into wholly owned AI infrastructure projects.

The announcements continue TeraWulf's strategy of expanding beyond Bitcoin (CRYPTO:BTC) mining into artificial intelligence infrastructure, and following the announcement TeraWulf shares were up about 12% in morning trading.

Growing demand for AI computing has encouraged several Bitcoin miners to repurpose power-rich sites for high-performance computing, although analysts estimate the sector may require about US$50 billion in additional capital to build AI data centres.

The latest deal follows similar industry moves, including HIVE Digital Technologies (NASDAQ:HIVE) signing a US$220 million AI infrastructure agreement with Cohere and IREN (NASDAQ:IREN) acquiring Spanish data centre developer Nostrum Group to expand its AI operations in Europe.

At the time of reporting, Bitcoin price was $63,950.35.

TeraWulf signs US$19B Anthropic AI deal

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