TeraWulf says it has signed a 20-year lease agreement with Anthropic to develop a purpose-built AI infrastructure campus at TeraWulf’s site in Hawesville, Kentucky. Multiple outlets report that the arrangement is expected to support Anthropic’s compute needs and contribute substantial revenue for TeraWulf. The Wall Street Journal and Yahoo Finance cite an expected $19 billion in revenue tied to the deal.
Bloomberg reports that TeraWulf’s CEO, Paul Prager, frames the agreement as a vote of confidence in the company’s AI infrastructure strategy and discusses plans for expanding at the Kentucky site. Bloomberg (Markets) adds that TeraWulf is preparing to raise roughly $3.5 billion in debt to build the data center campus, including moving into the leveraged loan market for the financing. The Block reports the project is designed to provide about 401 MW of IT load at the Justified Data site, which is described as a former industrial location.
Overall, the coverage focuses on the long-term lease, the anticipated scale of the planned infrastructure, and the company’s financing plans to fund construction.
