TeraWulf Stock Surges on $19 Billion, 20-Year AI Lease With Anthropic in Kentucky
- Bitcoin-miner-turned-AI-host TeraWulf announced a 20-year lease with Anthropic for a purpose-built AI campus at its Hawesville, Kentucky 'Justified Data' site, expected to generate roughly $19 billion in contracted revenue over the initial term (MarketWatch bulletin).
- The campus is designed to support 401 MW of critical IT capacity, with initial operations targeted for the second half of 2027, putting TeraWulf in the same AI-neocloud tier as CoreWeave and Nebius.
- Shares jumped on the announcement, extending a year-long transformation story as miners pivot balance sheets from BTC hashpower to GPU-backed compute contracts.