TeraWulf jumps as $19B Anthropic lease accelerates AI data center expansion
The deal could generate nearly $19 billion in revenue and will support 401 megawatts of phased AI data center capacity.
- TeraWulf, a Bitcoin miner, signed a 20-year lease with AI developer Anthropic for the Justified Data campus in Hawesville, Kentucky, marking a significant expansion into artificial intelligence infrastructure.
- Scheduled for full deployment by 2028, the Kentucky campus will support 401 MW of critical load and is expected to generate nearly $19 billion in contracted revenue.
- Alongside the lease, TeraWulf sold its 50.1% stake in the Abernathy Joint Venture to Fluidstack for roughly $450 million, while investors pushed shares up more than 12% to around $24.
- After authorities lifted export restrictions that had suspended service since June 12, Anthropic restored public access to its Claude Fable and Mythos models.
- Reportedly considering a $1 trillion IPO, Anthropic is also expanding global operations, while Austria recently urged the European Union to attract the company to the region to improve market access.
22 Articles
22 Articles
TeraWulf CEO Excited About Anthropic Data Center Agreement
TeraWulf CEO Paul Prager says a new 20-year lease agreement with Anthropic is a major vote of confidence in the company’s AI infrastructure strategy. Speaking on "Bloomberg The Close," Prager also discusses plans for a purpose-built AI campus at TeraWulf’s Kentucky site and what the long-term partnership means for future growth. (Source: Bloomberg)
TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides 6%
Shares of TeraWulf (NASDAQ:WULF) are down 8% to $20.41 in Tuesday’s midday session, reversing yesterday’s rally on the Anthropic mega-deal. The drop lands in a broad AI-infrastructure pullback, with the NASDAQ 100 down 1.5% intraday. The move gives back most of the July 6 pop but leaves TeraWulf stock still up 78% year to date ... TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides…
AI startup that’s never turned a profit say's it'll totally be around in 2047 to close its $19B lease
In its short life, Anthropic has captured hearts, minds, and wallets – and spooked the US government – but it hasn’t actually turned a profit. That’s not stopping CEO Dario Amodei from signing a two-decade lease with crypto-mining outfit turned AI datacenter operator TeraWulf. Anthropic believes it’s not only going to survive any AI bubble burst but keep operating until 2047, or at least that’s what it (probably) wants prospective investors in i…
WEEKLY BIZ LETTER Cryptocurrency Mining Companies Are Transforming into AI Data Centers ◇ Cryptocurrency Mining Companies Are Transforming into AI Data Centers They have the money, but no electricity. This is the problem Big Tech companies like Google, Amazon, and Microsoft are facing as they expand their AI data centers. AI
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