Anthropic signs $19 billion, 20-year lease for Kentucky AI data center
AI company Anthropic has signed a 20-year lease for a 401-megawatt data center campus in Hawesville, Kentucky, operated by TeraWulf. The deal is expected to generate approximately $19 billion in revenue, with power delivery starting in late 2027 and full capacity by early 2028. TeraWulf, formerly a crypto mining firm, is pivoting to AI infrastructure and also sold its Texas joint venture stake for $530 million to fund wholly owned projects.
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Stock Market Today, July 7: TeraWulf Pulls Back After Anthropic Lease Draws Focus to AI Buildout
On July 7, 2026, TeraWulf (NASDAQ:WULF) shares fell 8.87% to close at $20.24, despite announcing a major 20-year AI infrastructure lease agreement with Anthropic valued at approximately $19 billion. The pullback shifted investor focus from the scale of the deal to execution risks, including construction timelines, power delivery, and funding. The S&P 500 fell 0.45% to 7,503.85, while the Nasdaq Composite dropped 1.16% to 25,818.69. Peer companies Cipher Digital and CleanSpark also declined. TeraWulf's sale of its majority stake in the Abernathy joint venture, monetizing a $450 million investment, was highlighted as a capital reallocation strategy toward directly owned AI projects. The article notes that The Motley Fool's Stock Advisor did not include TeraWulf in its recommended top 10 stocks list.
Yahoo FinanceAnalyst Reiterates Bullish Call on TeraWulf After $19 Billion AI Lease Deal with Anthropic
Bernstein analyst reaffirmed an Outperform rating and $36 price target on TeraWulf (WULF) after the Bitcoin miner-turned-AI infrastructure company signed a 20-year, $19 billion lease with AI developer Anthropic. The lease covers 401 megawatts of IT load at TeraWulf's Justified data campus in Kentucky, with stronger-than-expected economics yielding $2.4 million per IT megawatt annually. TeraWulf also sold its 50.1% stake in the Abernathy joint venture for $530 million, redeploying proceeds into fully owned AI infrastructure. The company's AI order book now totals $27 billion across 839 megawatts. Bernstein projects net AI revenue growing from $209 million in CY26 to $1.7 billion by CY30, a 70% CAGR. Shares fell 10.47% intraday to near $19.88 despite the positive analyst note.
Yahoo FinanceTeraWulf Drops 8% Despite Analyst Price Target Hikes on $19B Anthropic Deal; IREN and Applied Digital Also Fall
Shares of TeraWulf (WULF) fell 8% to $20.41 on Tuesday, reversing a rally from the previous day despite multiple Wall Street analysts raising price targets following the announcement of a 20-year, $19 billion data-center lease with AI company Anthropic. The lease covers 401 megawatts at the Justified Data campus in Kentucky, with delivery starting in H2 2027. The selloff was attributed to unfinalized investment-grade credit support for the lease, a stake sale in the Abernathy joint venture, and a broad risk-off move in AI infrastructure stocks. Peer companies IREN dropped 7%, Applied Digital fell 6%, and Cipher Mining declined 4%. TeraWulf's total AI orderbook now stands at $27 billion across three clients, including Google-backed Fluidstack and Core42. Bitcoin was flat, indicating the pressure was equity-driven rather than crypto-related.
Yahoo FinanceTeraWulf Drops 8% Despite Analyst Price Target Hikes on $19B Anthropic Deal; IREN and Applied Digital Also Fall
Shares of TeraWulf (WULF) fell 8% on July 7, 2026, reversing gains from the previous day's rally on news of a $19 billion, 20-year data-center lease with AI company Anthropic. The decline occurred even as multiple analysts raised price targets, citing unfinalized credit support for the lease, a stake sale in the Abernathy joint venture, and a lack of near-term catalysts. Peer AI-infrastructure and Bitcoin-miner stocks also fell in sympathy: IREN dropped 7%, Applied Digital slid 6%, and Cipher Mining lost 4%. The broader NASDAQ 100 was down 1.5%. TeraWulf's total AI orderbook now stands at $27 billion across three clients, including Google-backed Fluidstack and Core42. Bitcoin was flat near $63,845, indicating the selloff was equity-driven rather than crypto-related.
Yahoo FinanceTeraWulf Gains on $19 Billion Anthropic AI Lease Deal
On July 6, 2026, TeraWulf (NASDAQ:WULF) shares rose 4.86% to $22.21 after announcing a 20-year lease agreement with AI research company Anthropic, expected to generate approximately $19 billion in contracted revenue. The company also agreed to sell its 50.1% stake in a Texas data center for about $530 million, exceeding its original $450 million investment. These moves signal TeraWulf's transition from Bitcoin mining to a recurring revenue high-performance computing (HPC) business model. Trading volume surged to 73.3 million shares, 135% above the three-month average. Peer companies Cipher Digital and IREN also gained 8.43% and 13.11%, respectively, as investor interest in AI-data-center monetization grew. The S&P 500 rose 0.74% to 7,538, and the Nasdaq Composite climbed 1.12% to 26,121.
Yahoo FinanceTeraWulf shares surge on $19B Anthropic AI infrastructure lease deal
TeraWulf (NASDAQ:WULF) shares surged 13% on Monday following the announcement of a long-term artificial intelligence infrastructure lease with Anthropic and the sale of a majority stake in a joint venture. The company signed a 20-year lease agreement with Anthropic for capacity at its Justified Data Campus in Hawesville, Kentucky, expected to generate approximately $19 billion in contracted revenue over the initial term. The campus will support around 401 megawatts of critical IT load, with initial capacity coming online in the second half of 2027 and full buildout by early 2028. Additionally, TeraWulf will sell its 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by Fluidstack for approximately $450 million, allowing the company to redeploy proceeds into wholly owned AI infrastructure projects. TeraWulf CEO Paul Prager said the lease validates the company's strategy of securing long-duration customer commitments for large-scale AI infrastructure campuses.
Yahoo FinanceTeraWulf shares surge on $19B Anthropic AI infrastructure lease deal
TeraWulf (NASDAQ:WULF) shares surged 13% after announcing a landmark 20-year AI infrastructure lease with Anthropic valued at approximately $19 billion in contracted revenue. The lease covers capacity at the Justified Data Campus in Hawesville, Kentucky, designed to support 401 megawatts of critical IT load, with initial capacity expected online in H2 2027 and full buildout by early 2028. Separately, TeraWulf sold its 50.1% stake in the Abernathy Joint Venture to an investor group led by Fluidstack for about $450 million, a premium to invested capital. The company plans to redeploy proceeds into wholly owned AI infrastructure projects. CEO Paul Prager called the Anthropic lease a 'landmark partnership' that validates the company's strategy of securing long-duration customer commitments for large-scale AI campuses.
Yahoo FinanceBitcoin Mining Stocks Jump After TeraWulf Signs $19 Billion Lease With Anthropic
Bitcoin miner TeraWulf announced a 20-year lease with AI company Anthropic, potentially generating $19 billion in revenue. The deal involves Anthropic occupying a purpose-built campus at TeraWulf's Justified Data site in Hawesville, Kentucky, which will support about 401 megawatts of computing capacity, with the first phase expected online in late 2027 and full capacity by early 2028. TeraWulf shares surged nearly 14% following the announcement, boosting other Bitcoin mining firms pivoting to AI, including IREN, Hut 8, and Cipher Digital. Separately, TeraWulf sold its 50.1% stake in the Abernathy Joint Venture in Texas to a group led by Fluidstack, monetizing its $450 million investment at a premium. The move underscores the growing convergence of cryptocurrency mining infrastructure and AI computing demand.
Yahoo FinanceBitcoin Mining Stocks Jump After TeraWulf Signs $19 Billion Lease With Anthropic
Bitcoin miner TeraWulf announced a 20-year lease with AI company Anthropic potentially worth $19 billion in revenue, sending its shares up nearly 14% and boosting other Bitcoin mining stocks pivoting to AI. The deal involves Anthropic occupying a purpose-built 401-megawatt campus at TeraWulf's Justified Data site in Hawesville, Kentucky, with first phase coming online in H2 2027 and full capacity by early 2028. Separately, TeraWulf sold its 50.1% stake in the Abernathy Joint Venture in Texas to a group led by partner Fluidstack at a premium to its $450 million investment. The announcement reflects the growing trend of Bitcoin miners transitioning to AI infrastructure amid surging demand for computing power for large language models.
Yahoo FinanceAnthropic signs 20-year lease for AI data center in Kentucky with Terawulf
Anthropic, an AI company, has signed a 20-year lease with data center operator Terawulf for a purpose-built AI infrastructure campus at a former industrial site in Hawesville, Kentucky. The facility, located on the site of a former Century Aluminum Company smelter, will be developed by Terawulf to power Anthropic's AI operations. The deal was announced by Terawulf in July 2026, highlighting the growing demand for specialized data center capacity for advanced AI models. The long-term agreement underscores the strategic importance of energy-intensive AI infrastructure and the repurposing of industrial sites for digital economy needs.
All Content from Business InsiderB. Riley Rates TeraWulf a Buy at $32 After $19B Anthropic Lease and Abernathy JV Sale
Investment bank B. Riley Securities reaffirmed its 'Buy' rating on TeraWulf (NASDAQ: WULF) with a $32 price target, following two major transactions announced on Monday. TeraWulf signed a 20-year lease with AI company Anthropic at its Justified Data campus in Hawesville, Kentucky, for approximately 401 MW of critical IT load, expected to generate about $19 billion in contracted revenue. The company also sold its 50.1% ownership interest in the Abernathy Joint Venture in Texas to an investor group led by Fluidstack, monetizing its $450 million investment at a premium. TeraWulf's stock rose over 15% at market open. The deals deepen TeraWulf's shift from bitcoin mining to contracted AI data center revenue, with total leased IT capacity now at 839 MW. B. Riley's $32 target assumes $16.5 billion net operating income for 522 MW of announced capacity and other assets, yielding an estimated equity value of $18.2 billion.
Yahoo FinanceTeraWulf shares soar after Anthropic leases data center in Kentucky
TeraWulf shares surged over 16% in premarket trading after Anthropic signed a 20-year lease to use the crypto miner's data center in Hawesville, Kentucky. The facility will have 400 megawatts capacity, with first power delivery expected in the second half of 2027. The lease is expected to generate approximately $19 billion in revenue over its initial term. TeraWulf CEO Paul Prager said the deal validates the company's strategy and establishes a long-duration revenue stream with a leading AI company. TeraWulf also sold its 50% interest in a 168-megawatt data center in Abernathy, Texas to a group led by Fluidstack. The crypto mining company has pivoted to AI data center infrastructure and its stock is up more than 80% year to date.
US Top News and AnalysisTeraWulf signs 20-year Anthropic lease for 401 MW at Kentucky data campus, sells Abernathy stake for $530 million
TeraWulf (NASDAQ: WULF) announced a 20-year lease with AI company Anthropic for approximately 401 MW of critical IT load at its Justified Data campus in Hawesville, Kentucky, expected to generate roughly $19 billion in contracted revenue. The leased capacity will come online in stages from H2 2027 to early 2028, with Anthropic holding two five-year renewal options. Separately, TeraWulf agreed to sell its 50.1% interest in the Abernathy joint venture in Texas to a buyer group led by Fluidstack for about $530 million, payable in three installments through April 2027. TeraWulf invested approximately $450 million in the Abernathy project. The transactions shift TeraWulf's strategy toward wholly owned assets where it maintains direct operational control, with the Justified Data campus now anchored by a major AI tenant.
Yahoo FinanceTeraWulf signs 20-year Anthropic lease for 401 MW at Kentucky data campus, sells Abernathy stake for $530 million
TeraWulf (NASDAQ: WULF) announced a 20-year lease with AI company Anthropic for approximately 401 MW of critical IT load at its Justified Data campus in Hawesville, Kentucky, expected to generate roughly $19 billion in contracted revenue. The leased capacity will come online in stages from H2 2027 to early 2028, with two five-year renewal options. Separately, TeraWulf agreed to sell its 50.1% interest in the Abernathy joint venture in Texas to a buyer group led by Fluidstack for about $530 million, payable in three installments. The company invested approximately $450 million in the Abernathy project. CEO Paul Prager stated the sale crystallizes value and generates capital for redeployment into wholly owned infrastructure platforms. The transactions shift TeraWulf toward direct ownership and operational control of assets, with the Justified Data campus now anchored by a major AI tenant.
Yahoo FinanceAnthropic Signs 20-Year Lease for TeraWulf Data Centre in Kentucky
AI startup Anthropic has signed a 20-year lease to use a TeraWulf data centre in Kentucky, located about an hour south of Louisville. The facility will have 400 megawatts of power capacity when it comes online in the second half of 2027. The lease is expected to generate approximately $19 billion in revenue for TeraWulf, a cryptocurrency mining company that has pivoted to AI data centres. Anthropic, known for its Claude series of chatbots and specializing in computer coding, is privately held but expected to hold an IPO in late 2026 or early 2027. The company was last valued at $965 billion in a private funding round, with expectations of exceeding $1 trillion at IPO. Anthropic's management has stated the company requires more computing power for its AI models. TeraWulf's stock (WULF) has risen 341% in the past year to $21.18 per share.
Yahoo FinanceTeraWulf Jumps on $19 Billion Data Center Lease Deal with Anthropic
TeraWulf announced a 20-year lease agreement with AI company Anthropic for a purpose-built AI infrastructure campus at its Justified Data site in Hawesville, Kentucky. The deal is expected to generate approximately $19 billion in contracted revenue, causing TeraWulf's shares to rise over 16% in premarket trading. The campus will support about 401 megawatts of critical IT load, with initial capacity expected online in the second half of 2027 and full capacity by early 2028. Separately, TeraWulf agreed to sell its 50.1% stake in the Abernathy joint venture to an investor group led by partner Fluidstack, monetizing a $450 million investment at a premium to free up capital for wholly owned AI infrastructure projects. The deal marks a strategic shift for TeraWulf from reliance on bitcoin mining toward long-term AI infrastructure revenue.
Yahoo FinanceTeraWulf jumps on $19 billion data center lease deal with Anthropic
TeraWulf, a bitcoin miner, announced a 20-year lease agreement with AI company Anthropic for a purpose-built data center campus at its Justified Data site in Hawesville, Kentucky. The deal is expected to generate approximately $19 billion in contracted revenue, marking a strategic shift for TeraWulf from bitcoin mining to AI infrastructure. The campus will support about 401 megawatts of critical IT load, with initial capacity online in the second half of 2027 and full capacity by early 2028. Separately, TeraWulf agreed to sell its 50.1% stake in the Abernathy joint venture to an investor group led by partner Fluidstack, monetizing its $450 million investment at a premium. TeraWulf shares rose over 10% in early trading, adding to an 85% year-to-date gain.
Yahoo FinanceAnthropic signs 20-year lease at TeraWulf Kentucky data center
Anthropic has signed a 20-year lease with TeraWulf for a data center campus in Hawesville, Kentucky, called Justified Data. The deal is expected to generate approximately $19 billion in contracted revenue over the initial term. The campus will accommodate about 401 MW of critical IT load for high-performance computing, with capacity delivered in phases starting in the second half of 2027 and full capacity by early 2028. Anthropic also holds two five-year renewal options. Separately, TeraWulf announced the sale of its 50.1% stake in the Abernathy Joint Venture in Texas to an investor group led by Fluidstack for about $530 million. TeraWulf plans to redeploy capital from that sale into data center opportunities where it maintains direct ownership and operational control. The company has pivoted from cryptocurrency mining to AI data center infrastructure.
Yahoo FinanceAnthropic signs 20-year, $19 billion lease at TeraWulf Kentucky data center
Anthropic has signed a 20-year lease for a data center campus in Hawesville, Kentucky, operated by TeraWulf, expected to generate approximately $19 billion in contracted revenue. The campus, called Justified Data, will support about 401 MW of critical IT load for high-performance computing, with phased delivery starting in the second half of 2027 and full capacity by early 2028. Anthropic also holds two five-year renewal options. Separately, TeraWulf announced the sale of its 50.1% stake in the Abernathy Joint Venture in Texas to Fluidstack-led investors for about $530 million, with proceeds to be reinvested in directly owned data center projects. TeraWulf's stock rose over 16% in premarket trading following the news. The company has shifted focus from cryptocurrency mining to AI data center infrastructure.
Yahoo FinanceTeraWulf Stock Soars 17% on 20-Year Anthropic Agreement
Shares of TeraWulf (WULF) surged approximately 16-17% on Monday, July 6, 2026, following the company's announcement of a landmark 20-year lease agreement with artificial intelligence startup Anthropic. The deal marks a significant strategic shift for TeraWulf, which is transitioning from a Bitcoin mining operation to a data-center operator focused on providing high-performance computing infrastructure for AI workloads. The long-term agreement with Anthropic, a leading AI safety and research company, signals growing demand for specialized data center capacity to support advanced AI model training and deployment. The stock price jump reflects investor optimism about TeraWulf's pivot to AI infrastructure and the revenue stability provided by the two-decade contract. The news was reported by Barron's and covered on Yahoo Finance.
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