Key facts
- TeraWulf and Anthropic have signed a 20-year lease agreement.
- The agreement is for data center infrastructure.
- The deal is projected to generate approximately $19 billion in contracted revenue for TeraWulf.
- The agreement includes the development of a new AI campus.
- TeraWulf will exit a joint venture as part of the deal.
Bitcoin miner TeraWulf has announced a substantial 20-year lease agreement with AI company Anthropic, focusing on data center infrastructure. This strategic partnership is anticipated to yield approximately $19 billion in contracted revenue for TeraWulf over the lease term. The agreement encompasses the development of a new, dedicated AI campus designed to meet Anthropic's computational needs. Furthermore, this deal signifies TeraWulf's exit from a prior joint venture, indicating a strategic shift in its operational focus. The specifics of the joint venture exit were not detailed, but the overarching agreement positions TeraWulf to capitalize on the growing demand for AI-driven data processing capabilities.