Anthropic Signs $19bn, 20-Year Lease for Kentucky Data Center with TeraWulf
The lease is expected to generate about $19 billion in contracted revenue and support 401 megawatts of AI computing capacity.
- On Monday, TeraWulf announced that Anthropic signed a 20-year lease for a "purpose-built AI infrastructure campus" in Hawesville, Kentucky, expected to generate about $19 billion in contracted revenue.
- TeraWulf is reframing its identity from a Bitcoin proxy into a long-duration compute-infrastructure landlord by developing this campus on the site of a former Century Aluminum smelter.
- The campus will support 401 megawatts of critical IT load by early 2028; TeraWulf also agreed to sell its 50.1% stake in the Abernathy, Texas joint venture for roughly $450 million.
- TeraWulf stock is up 95% year to date as investors respond to the company's pivot toward AI infrastructure, though analysts hold a $36 consensus price target on WULF with capacity not arriving until 2028.
- Despite the revenue stream, TeraWulf faces ongoing construction, permitting, and financing risks while continuing to target 250 to 500 megawatts of new critical IT capacity annually across sites in New York, Texas, Kentucky, and Maryland.
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TerraWolf, a U.S. artificial intelligence (AI) infrastructure operator, announced on the 6th (local time) that it has signed a 20-year data center lease agreement with Antropic. In a statement released on the same day, TerraWolf stated that the data center will be built at the ‘Justified Data’ campus in Horseville, Kentucky. The initial data center will begin operations in the second half of next year, with total installed capacity reaching 401 …
Stock Market Today, July 6: TeraWulf Gains on $19 Billion Anthropic AI Lease Deal
TeraWulf (NASDAQ:WULF), a Bitcoin (CRYPTO:BTC) mining and AI data center infrastructure provider, closed at $22.21, up 4.86%. The company announced a lease to Anthropic and a joint-venture data center sale that could unlock long-term AI infrastructure revenue.Trading volume reached 73.3 million shares, coming in about 135% above its three-month average of 31.2 million shares.How the markets moved todayThe S&P 500 (SNPINDEX:^GSPC) rose 0.74% to 7…
TeraWulf announces new lease at Hawesville
HENDERSON, Ky. (WEHT) - TeraWulf Inc. announced two significant transactions, and one of those involves Hawesville. TeraWulf says it has executed a 20-year lease agreement with Anthropic at its Justified Data campus in Hawesville, Kentucky. The lease is expected to generate approximately $19 billion of contracted revenue over the initial lease term. Anthropic is the [...]
TeraWulf Stock Is Up 95% This Year: Here's Why
Shares of TeraWulf (NASDAQ:WULF) extended a powerful rally on Monday afternoon, separating the stock from its bitcoin-mining peers by a wide margin. WULF stock is up 4% today and up 95% year to date to $22.10, marking its most sustained rerating since going public. The catalyst is a landmark 20-year lease with Anthropic, the private ... TeraWulf Stock Is Up 95% This Year: Here’s Why
TeraWulf says Anthropic signs 20-year lease for AI campus in Hawesville, Kentucky
TeraWulf Inc. announced Monday it has signed a long-term lease with AI company Anthropic at its Justified Data campus in Hawesville, Kentucky, a deal the company says is expected to generate about $19 billion in contracted revenue over the initial…
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