TeraWulf Wins Anthropic “$19 Billion” 20-Year Computing Power Long-Term Contract, Stock Surges 17%

Bitcoin mining companies have transformed into "computing power landlords" that AI giants are scrambling to secure! According to a report from CNBC today (6th), Anthropic, the developer of the powerful AI model Claude, has officially signed a 20-year, $19 billion super lease with data center operator TeraWulf. Fueled by this long-term revenue boost, TeraWulf, which originally started as a cryptocurrency mining company, saw its stock price surge over 17% in pre-market trading. This is not only a major milestone in the company's transformation but also highlights the extreme demand for high-power infrastructure driven by AI computing power.

(Previous context: Anthropic announces "self-development of new drugs," experts pour cold water: FDA approval will take at least 10 more years)

(Background supplement: Anthropic spends $100k on a hackathon, testing Claude Science with real research data)

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• Anthropic leases 400 MW facility in Kentucky, contributing $19 billion in revenue
• TeraWulf's dual approach: AI strategic layout and transaction analysis
• Wall Street buys in! Stock surges 17%, mining company transformation becomes a trend

In the second half of the AI arms race, "electricity and infrastructure" have become the scarcest strategic resources for Silicon Valley tech giants. Bitcoin mining companies, once navigating the crypto bull and bear markets, are now becoming the biggest winners in the AI feast, leveraging their massive power capacity.

According to the latest report from CNBC on July 6, 2026, leading AI company Anthropic signed a historically significant long-term lease agreement with data center infrastructure provider TeraWulf (NASDAQ: WULF) on Monday.

Anthropic leases 400 MW facility in Kentucky, contributing $19 billion in revenue

The scale of this contract is astonishing. Anthropic will lease TeraWulf's mega data center located in Hawesville, Kentucky (about an hour's drive southwest of Louisville). The facility has a power capacity of up to 400 megawatts (MW), expected to start supplying power in the second half of 2027, specifically for supporting the massive computing needs of Anthropic's Claude series models.

What excites Wall Street even more is the cash flow generated by this contract. This initial 20-year lease is expected to bring TeraWulf a stable massive revenue of up to $19 billion over the next two decades. TeraWulf CEO Paul Prager said in a statement, struggling to contain his excitement:

"The Anthropic lease perfectly validates our transformation strategy and allows us to establish a long-term, stable revenue stream with one of the world's leading AI companies."

TeraWulf's dual approach: AI strategic layout and transaction analysis

In addition to the century-defining deal with Anthropic, TeraWulf also announced another asset revitalization plan on the same day, showing its comprehensive restructuring of resources to cater to the AI market:

| Project/Site Location | | --- | Partner and Contract Nature | Scale and Financial Impact | | --- | --- | --- | | Kentucky Hawesville Site | Anthropic (20-year long-term lease) | Releases 400 MW capacity, goes online in H2 2027, expected to contribute $19 billion in total revenue. | | Texas Abernathy Site | Investor group led by Fluidstack | Sells 50% equity interest in this 168 MW data center, quickly recouping funds. |

Wall Street buys in! Stock surges 17%, mining company transformation becomes a trend

With the market extremely optimistic about its stable income and transformation prospects, TeraWulf's stock surged over 16% in Monday's pre-market trading session, with the latest quote around $24.88 (a gain of 17.47%). In fact, benefiting from its active shift this year from pure Bitcoin mining to the more profitable "AI data center infrastructure" layout, TeraWulf's cumulative gains for the year have already exceeded 80%.

This deal is not just a victory for TeraWulf but also reflects the shift in the entire industry sector. As AI model parameter counts grow exponentially, the expansion speed of traditional power grids has far lagged behind the needs of AI giants; cryptocurrency mining companies, which have already built substations and hold massive legal power allocations over the past few years, are naturally becoming the most sought-after "shovel sellers" in this AI gold rush.