Key facts
- TeraWulf signed a 20-year lease with Anthropic.
- The lease is for a new data center campus in Kentucky.
- The deal is projected to generate $19 billion in revenue for TeraWulf.
- TeraWulf is selling its stake in a separate AI data center joint venture.
Bitcoin mining company TeraWulf has entered into a substantial 20-year lease agreement with artificial intelligence firm Anthropic. The agreement is for a new data center campus to be located in Kentucky. This long-term lease is anticipated to generate approximately $19 billion in revenue for TeraWulf over its duration. In a related strategic move, TeraWulf is also selling its stake in a separate joint venture focused on AI data centers. This transaction signals a shift in TeraWulf's business strategy, prioritizing its direct partnership with Anthropic and potentially streamlining its operations and investments in the burgeoning AI infrastructure sector.