TeraWulf Signs 20-Year Anthropic Lease Expected to Generate $19B

TeraWulf signed a 20-year lease agreement with Anthropic on Monday that is expected to generate approximately $19 billion in revenue. TeraWulf's stock (WULF) rose over 17% on the day, according to The Block's equities price page. The agreement reflects a broader trend among bitcoin miners adding AI-related business lines to generate consistent revenue amid a data center boom driven by AI's intense compute needs.

WULF Stock Rises 17% on Anthropic Lease Announcement

TeraWulf's stock (WULF) climbed over 17% on the day following the lease announcement, according to The Block's equities price page. Shares are up over 117% year-to-date as of Monday morning.

TeraWulf Develops 401 MW AI Campus in Kentucky

The agreement with Anthropic is for a purpose-built AI infrastructure campus at TeraWulf's Justified Data site in Hawesville, Kentucky, outside of Louisville. The campus will be developed in phases. Initial services are expected to begin in the second half of 2027 and ultimately deliver 401 MW of critical IT load by early 2028.

TeraWulf Sells Abernathy Joint Venture Stake to Fluidstack

Separately, TeraWulf has agreed to sell its 50.1% ownership interest in a joint venture campus in Abernathy, Texas, established in 2025. The deal with joint venture partner Fluidstack allows TeraWulf to monetize its stake to redeploy into wholly owned AI infrastructure opportunities. According to the announcement, the transactions collectively enhance TeraWulf's long-term revenue visibility, strengthen its financial position, and further align the company's capital with infrastructure platforms where it maintains direct ownership, customer relationships, and operational control.

FAQ

What did TeraWulf announce on Monday?

TeraWulf announced a 20-year lease agreement with Anthropic on Monday that is expected to generate approximately $19 billion in revenue.

When will TeraWulf's AI campus in Kentucky begin operations?

Initial services at the Justified Data campus in Hawesville, Kentucky, are expected to begin in the second half of 2027, with full 401 MW capacity delivered by early 2028.