TeraWulf signs $19 billion AI lease with Anthropic

TeraWulf has signed a 20-year lease to provide AI infrastructure to Anthropic. The agreement is expected to generate $19 billion in revenue. Bitcoin mining stocks rose after the announcement.

TeraWulf signed the lease deal with Anthropic and sold its joint venture stake. The company said shares increased following the news.

The 20-year agreement focuses on AI infrastructure. It is projected to deliver $19 billion in total revenue.

Major Bitcoin mining stocks surged in response to the announcement. The move highlights growing ties between mining firms and AI operations.

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Aerial view of TeraWulf's Kentucky AI data center site showcasing modern facilities in a rural setting.
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TeraWulf acquires Kentucky site for 1 GW AI data center

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TeraWulf announced the purchase of a Kentucky development site to support more than 1 gigawatt of AI and high-performance computing capacity. The bitcoin miner turned infrastructure developer saw its stock rise 13 percent following the news.

Anthropic has reportedly agreed to pay Google $200 billion over the next five years for access to chips and cloud servers. The deal, reported by The Information, follows an earlier agreement granting the Claude AI creator access to Google's infrastructure. It highlights the massive investments fueling the AI sector.

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Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.

The US government directed Anthropic to immediately suspend access to its Fable 5 and Mythos 5 AI models on Friday. The company complied with a full global shutdown after receiving the national security order at 5:21 p.m. ET.

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MARA Holdings has agreed to purchase Long Ridge Energy & Power for about $1.5 billion to expand its AI data center capabilities. The deal includes a 505 MW gas plant and 1,600 acres in Hannibal, Ohio. It is expected to close in the second half of 2026.

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