TeraWulf Signs 20-Year, $19 B AI Power Contract for 401 MW
WULF•TeraWulf agreed to supply 401 megawatts of power for Anthropic’s AI operations at its Kentucky data center under a 20-year, $19 billion contract, boosting revenue visibility. Shares climbed on expectations the long-term deal will secure predictable cash flows and fund further capacity expansion.
1. Anthropic Contract Details
TeraWulf has entered a 20-year agreement to supply Anthropic with 401 MW of computing capacity at its Kentucky data center, representing a total contract value of $19 billion. The deal covers power delivery services and facility hosting tailored to support large-scale AI model training.
2. Financial Implications
The $19 billion arrangement will provide TeraWulf with a predictable revenue stream over two decades, improving visibility into top-line growth and supporting its financial forecasts. Analysts project this long-term commitment could boost annual revenue by a mid-single-digit percentage and stabilize cash flows.
3. Strategic Impact
By securing one of the largest AI infrastructure contracts in the sector, TeraWulf reinforces its competitive position and ability to attract high-profile clients. The deal also paves the way for additional capacity expansions and potential new partnerships in the fast-growing AI market.
