TeraWulf disclosed that a 20-year lease had been signed with AI Anthropic regarding its Justified Data Park in Hawesville, Kentucky, United States. The company expected that the agreement would generate nearly $19 billion in contract revenues during the initial lease period, and its share price became significantly higher after the news was released.
This cooperation also shows that Bitcoin mining is accelerating the shift from existing power resources and data centre capacity to AI infrastructure. For TerraWulf, the AI data centre has become a more important growth direction than just mining.
The park capacity will be on line in stages.
According to the company ' s disclosure, the park will provide a critical IT load capacity of up to 401 MW to Anthropic and will be built in stages.
- The first capacity is expected to be shipped in late 2027.
- All 401 MW deployment target was completed by early 2028
- 20 years of contract
In the context of the current search by mining companies for business diversification, such long-term leases have helped to increase the visibility of revenues and reduce the reliance of companies on the volatility of encrypted asset cycles.
Simultaneously sell joint equity back into cage funds
In addition to the lease, TeraWulf disclosed that a final agreement had been signed to sell 50.1 per cent of Abernathy Jordan Venture shares to investor groups led by its joint venture partner Fluidstack.
According to the company, the transaction would have invested approximately $450 million in capital and the sale price would have been higher than the book value of the input. Upon completion, TeraWulf could release additional funds for its fully funded AI infrastructure project.
This means that companies, while locking in long-term rental income, supplement the capital by selling non-core joint ventures to provide financial support for the development of a follow-up data centre.
Anthropic continues to expand the algorithm.
Anthropic has also continued to expand its computing and global business landscape in the recent past. Previously, following the easing of export restrictions by the United States Government, the company resumed public access to the Claude Fable 5 and Mythos 5 models and indicated that it had added additional identifiers to identify and intercept abuses of network security.
At the same time, Anthropic is at the centre of broader policy and geo-discussion. Last month, the Austrian Government called on the EU to consider attracting Anthropic to a European presence in order to reduce Europe ' s dependence on extraterritorial technological decision-making.
Additional information:It was also reported that Anthropic was also considering moving forward with the first public collection, with an estimated maximum or $1 trillion. TeraWulf's long-term lease will further strengthen the market's interest in the shift of mining to AI infrastructure if the plan moves forward.