TeraWulf Stock Surges on $19B Anthropic AI Lease and JV Sale
Bitcoin miner TeraWulf secured a 20-year AI infrastructure lease with Anthropic and divested its majority stake in a separate AI data center venture.
TeraWulf shares climbed sharply after the Bitcoin mining company announced two major AI infrastructure deals, signaling a strategic pivot toward the booming artificial intelligence data center market. The company signed a 20-year AI infrastructure lease with Anthropic, the AI safety startup behind the Claude model family, in a deal valued at $19 billion.
In a separate but concurrent move, TeraWulf also sold its majority stake in an AI data center joint venture, further reshaping its business portfolio. The back-to-back announcements underscore how crypto mining firms are increasingly leveraging their existing power infrastructure and technical expertise to court high-demand AI workloads.
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The Anthropic lease is among the more significant long-term commitments in the AI infrastructure space, reflecting the surging appetite among frontier AI developers for dedicated, large-scale compute facilities. A 20-year term signals confidence from both parties in sustained demand for AI processing capacity over the coming decades.
TeraWulf's dual moves illustrate a broader trend in which Bitcoin miners — already equipped with high-density power supplies and data center architecture — are repositioning themselves as natural partners for energy-intensive AI training and inference operations. The company's stock rally suggests investors view the transition favorably, interpreting the deals as a credible path to higher-margin revenue streams beyond volatile cryptocurrency returns.
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