Bitcoin miner TeraWulf soars on a $19 billion AI data-center lease with Anthropic
Bitcoin miner TeraWulf has secured a $19 billion AI data-center lease with Anthropic, signaling a strategic pivot from crypto mining to AI infrastructure. The deal is expected to provide steady, long-term revenue as the company shifts its focus toward high-demand computing capacity.
Why it matters
Illustrates the broader economic trend of crypto-mining firms repurposing their energy-intensive infrastructure to support the growing AI industry.
The lease covers TeraWulf's Justified Data campus in Hawesville, Kentucky, which will provide about 401 megawatts of computing capacity built out in phases, with the first power expected in the second half of 2027 and the full site running by early 2028, the company said.
The article provides a detailed business analysis of a market shift without taking a stance on the companies involved.
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