TeraWulf Signs $19 Billion AI Data-Center Lease with Anthropic
TeraWulf shares rise after the company signed a 20-year lease with AI firm Anthropic to provide data-center capacity worth about $19 billion. The deal marks a significant shift as TeraWulf transitions from purely bitcoin mining to hosting AI infrastructure, as reported by CoinDesk.
TeraWulf, a company that originally focused on bitcoin mining, has signed a substantial 20-year lease contract with artificial intelligence company Anthropic. This deal will utilize TeraWulf's Justified Data campus in Hawesville, Kentucky, to deliver approximately 401 megawatts of AI data-center capacity starting in 2027, potentially generating around $19 billion in revenue over its term, surpassing TeraWulf's current market valuation of approximately $12 billion.
The agreement highlights a notable trend in the cryptocurrency sector, where companies like TeraWulf are pivoting from the volatile bitcoin mining operations to more stable revenue streams derived from AI hosting services. This transition is spurred by tightening profit margins in bitcoin mining, particularly after the recent halving event that reduced mining rewards.
TeraWulf is also set to sell its 50.1% stake in a Texas-based data-center joint venture for around $530 million, furthering its strategy to consolidate resources and capitalize on the burgeoning demand for AI computing. This move is part of a larger trend observed in the industry, as bitcoin miners have offloaded more than 15,000 bitcoins from their peak holdings and embraced AI contracts worth over $70 billion in total, reflecting a shift towards steadier profitability amidst broader market challenges.
While TeraWulf continues to manage its bitcoin mining operations, the AI lease and its associated potential revenue will likely become the centerpiece of its business evaluation moving forward. The company has recently seen a stock price increase of more than 80% across the year, indicative of investor interest in its new direction.
The overall pivot of crypto miners towards AI infrastructure represents a significant shift within the industry, as firms seek reliable income sources amid fluctuating cryptocurrency markets. The impact of this transition remains to be seen as companies adapt to the demands of the evolving tech landscape and respond to ongoing market conditions.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 6, 2026. SolanaWire does not republish source content.
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