TeraWulf shares rise after $19B Anthropic AI lease, JV sale
The Bitcoin miner signed a 20-year AI infrastructure lease with Anthropic and sold its majority stake in a separate AI data center joint venture.
Bitcoin miner TeraWulf, moving deeper into AI infrastructure, signed a 20-year data center lease with Anthropic expected to generate about $19 billion in contract revenue.
The company also announced Monday that it is selling a majority stake in a separate AI data center joint venture to reinvest in wholly owned projects.
The company’s shares rose about 12% in Monday morning trading following the announcement, extending a roughly 107% year-to-date gain, according to Yahoo Finance data at the time of writing.