TeraWulf Secures $19 Billion Anthropic Deal and Sells Bitcoin Mining Stake in Major AI Infrastructure Pivot
Summary
TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
Key Points
- TeraWulf signs a 20-year lease agreement with Anthropic at its Justified Data campus in Hawesville, Kentucky, expected to generate approximately $19 billion in contracted revenue, with initial capacity coming online in the second half of 2027 and ramping to 401 MW by early 2028.
- TeraWulf sells its 50.1% ownership stake in the Abernathy Joint Venture to an investor group led by Fluidstack, monetizing approximately $450 million in invested capital at a premium to redeploy funds into wholly owned AI infrastructure opportunities.
- The two transactions strengthen TeraWulf's financial position and long-term revenue visibility while sharpening its focus on directly owned and operated AI infrastructure campuses where it maintains full customer relationships and operational control.