Terawulf IncSigned $19B lease with Anthropic for AI data center, securing long-term revenue.

Bitcoin mining company TeraWulf has signed a 20-year data center lease agreement with AI firm Anthropic. The deal is expected to generate approximately $19 billion in revenue, with plans to gradually build out a roughly 401-megawatt facility at the Justified Data Campus in Kentucky, with partial operations starting in late 2027 and full operations in early 2028. The company also announced plans to sell its 50.1% stake in a Texas AI data center joint venture to an investor group led by partner Fluidstack, recovering its approximately $450 million investment at a premium and reinvesting the proceeds into its own AI infrastructure business. Chairman and CEO Paul Prager said the partnership establishes a long-term revenue stream, and following the announcement, the company's stock rose about 12% in Monday morning trading. Amid deteriorating profitability after the Bitcoin halving, a shift by mining companies into AI data centers is spreading across the industry.
Terawulf IncSigned $19B lease with Anthropic for AI data center, securing long-term revenue.
Investor group led by Fluidstack acquires TeraWulf's stake in Texas JV at a premium.