Bitcoin mining company TeraWulf has announced a 20-year data center lease with Anthropic to build approximately 401MW AI data center in Kentucky, USA. It is expected to generate about $19 billion in revenue over the contract period, with the first batch of capacity expected to be delivered in the second half of 2027. In addition, TeraWulf has agreed to sell its 50.1% equity interest in the Abernathy AI data center joint venture to an investor group led by Fluidstack. The transaction is expected to release approximately $450 million in investment capital for the company to expand its wholly-owned AI infrastructure business.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 2
  • Share
Comment
Add a comment
Add a comment
ReadingContractsUntilMyEyesAre
· 9h ago
Kentucky 401MW, first batch won't be delivered until 2027, that timeline is a bit long.
View OriginalReply0
NotYourExit
· 9h ago
20-year lease + 19 billion in revenue, this transformation is ruthless enough—mining companies have become AI landlords.
View OriginalReply0
GateUser-1859b7cd
· 9h ago
Sold equity to Fluidstack for a cash-out of 450 million, moving assets from left to right to expand wholly-owned business—a seasoned capital operator.
View OriginalReply0
  • Pinned