TeraWulf This big contract is worth talking about.
WULF officially announced that it has signed a 20-year lease with Anthropic, rolling out the Justified Data campus in Hawesville, Kentucky. During the contract period, it is expected to generate approximately $19 billion in revenue. The campus is planned to support around 401 MW of critical IT load, with phased deployments. The first batch of capacity is scheduled to go operational in the second half of 2027, and will be fully ramped up in early 2028.
On the same day, the company sold its 50.1% stake in the Abernathy joint venture to one party led by Fluidstack. Previously, it had invested about $450 million; this time, it is cashing out at a premium.
My take: The “AI-ification” of mining companies is no longer just a concept—it’s securing real orders to lock in long-term cash flow. Anthropic’s willingness to sign for 20 years indicates that the power supply and data-center resources on the compute side are being pre-booked by large-model players; meanwhile, by selling equity, WULF can free up capital to go after the bigger prize at Hawesville.
Implications for the miner sector ($BTC ): whoever has power, grid interconnection, and land has the right to sit at the AI table. The valuation ceiling for “pure mining” narratives is being redefined.
#TeraWulf #Anthropic #AI computing power
WULF officially announced that it has signed a 20-year lease with Anthropic, rolling out the Justified Data campus in Hawesville, Kentucky. During the contract period, it is expected to generate approximately $19 billion in revenue. The campus is planned to support around 401 MW of critical IT load, with phased deployments. The first batch of capacity is scheduled to go operational in the second half of 2027, and will be fully ramped up in early 2028.
On the same day, the company sold its 50.1% stake in the Abernathy joint venture to one party led by Fluidstack. Previously, it had invested about $450 million; this time, it is cashing out at a premium.
My take: The “AI-ification” of mining companies is no longer just a concept—it’s securing real orders to lock in long-term cash flow. Anthropic’s willingness to sign for 20 years indicates that the power supply and data-center resources on the compute side are being pre-booked by large-model players; meanwhile, by selling equity, WULF can free up capital to go after the bigger prize at Hawesville.
Implications for the miner sector ($BTC ): whoever has power, grid interconnection, and land has the right to sit at the AI table. The valuation ceiling for “pure mining” narratives is being redefined.
#TeraWulf #Anthropic #AI computing power