TeraWulf signs $19B Anthropic AI data center lease; shares surge

Published: 2026-07-06 18:13:37 |

TeraWulf said it has signed a 20-year Anthropic AI data center lease for its Justified Data campus in Hawesville, Kentucky. The contract is expected to generate nearly $19B in revenue and support up to 401 MW of AI data center IT load. Initial operations are targeted for 2H 2027, with full deployment of the 401 MW capacity planned for early 2028. In parallel, TeraWulf announced a $450M AI-focused divestment: it will sell a 50.1% stake in the Abernathy AI data-center joint venture to an investor group led by Fluidstack, with proceeds intended for wholly owned AI infrastructure projects. Market reaction was positive, with the article citing a more than 12% jump in TeraWulf shares, extending gains toward ~107% year-to-date. For crypto traders, the TeraWulf–Anthropic deal is a near-term sentiment boost for power-and-HPC driven Bitcoin miners, with potential longer-term implications for the electricity and data-center supply chain that underpins next-cycle AI compute demand. Watch AI-capacity ramp timelines (2027–2028) for follow-through on equity-driven momentum.

Bullish

Bullish bias comes from a direct, contract-backed narrative for AI-capacity buildout by a power-rich Bitcoin miner. The reported jump in TeraWulf shares suggests traders are rewarding the perceived earnings visibility from the $19B Anthropic AI data center lease, while the $450M stake sale at a premium can be read as capital rotation toward wholly owned AI infrastructure. Short term: equity-driven sentiment can improve risk appetite across “AI-powered” miner names, especially after a clear headline catalyst and strong volume/price reaction. Long term: if the 401 MW ramp follows the 2H 2027 to early 2028 timeline, it strengthens the power-and-data-center supply-chain theme that typically supports sustained AI compute demand—potentially sustaining multiple expansion for these miners. However, traders should watch execution risk (capex, grid access, cooling) because delays could fade the bullish thesis.