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TeraWulf’s AI Pivot Lands Big Deal | Durham News
TeraWulf just inked a $19 billion, 20-year lease with Anthropic for its Kentucky data center, signaling a bold pivot from bitcoin mining to AI infrastructure. The company is also cashing in $450 million from selling its Abernathy joint venture to fund AI-focused expansion, aiming to lock in long-term, recurring revenue. Investors are now viewing TeraWulf as a serious data center player, boosted by the Anthropic deal — though the real test lies in delivering 401MW of power by early 2028, with construction not expected until late 2027. The stock jumped over 10% on the news, betting on…
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