TeraWulf signs $19 billion AI lease with Anthropic

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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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