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Jul 6, 2026

Anthropic signs $19 billion, 20-year data center lease with Bitcoin miner TeraWulf

AI company Anthropic has signed a 20-year lease agreement with TeraWulf to use a data center in Hawesville, Kentucky, in a deal expected to generate approximately $19 billion in revenue. The agreement marks TeraWulf's pivot from Bitcoin mining to AI infrastructure hosting.

Jul 6, 2026·4 sources
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Top claims

  • ▪TeraWulf Inc. plans to invest between $3 billion and $4 billion in the Hawesville, Kentucky data center, representing less than one-fifth of the $19 billion lease value.
  • ▪TeraWulf Inc. reported $34 million in revenue during its last quarter prior to the July 6, 2026 announcement.
  • ▪The Hawesville, Kentucky data center will utilize a closed-loop cooling system that recycles a mixture of water and propylene glycol to dissipate heat from graphics cards.

Topics

AI startupsCompute, chips & AI infrastructureBitcoin miningData center infrastructure

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