TeraWulf Shares Surge 13% After Signing 20-Year, $19 Billion AI Infrastructure Deal With Anthropic
Summary
TeraWulf shares surge 13% after signing a landmark 20-year, $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus, while also selling a major joint venture stake for $450 million to focus on wholly owned AI projects.
Key Points
- TeraWulf shares surge 13% after signing a 20-year AI infrastructure lease with Anthropic at its Justified Data Campus in Hawesville, Kentucky, expected to generate approximately $19 billion in contracted revenue over the initial term.
- The campus is designed to support around 401 megawatts of critical IT load, with initial capacity coming online in the second half of 2027 and full buildout targeted for early 2028, backed by investment-grade credit.
- TeraWulf also announces the sale of its 50.1% stake in the Abernathy Joint Venture to a Fluidstack-led investor group for approximately $450 million, allowing the company to redeploy capital into wholly owned AI infrastructure projects.