TeraWulf Gains 10.5% After $19B Anthropic Data Center Lease
WULF•TeraWulf clinched a $19B multi-year lease to host Anthropic’s AI data centers, triggering a 10.5% intraday share price jump. The agreement secures a long-term tenant and diversifies revenue beyond Bitcoin mining by leveraging its green power capacity.
1. Lease Agreement With Anthropic
TeraWulf announced a $19 billion, multi-year lease to host Anthropic’s AI data centers at its renewable-powered facilities, locking in one of the largest commercial data center deals in the company’s history.
2. Stock Price Reaction
Following the news, TeraWulf shares jumped 10.5% intraday, marking the biggest one-day gain since its public listing and reflecting investor optimism over stable, long-term revenue.
3. Strategic Implications
The arrangement shifts TeraWulf beyond volatile Bitcoin mining income by monetizing excess green power for AI workloads, potentially smoothing cash flows and positioning the company in the fast-growing AI infrastructure market.
