Story perspectives

TeraWulf Secures $19B Anthropic Lease, Shares Jump 12%

7/7/2026

Summary

TeraWulf Secures Anthropic Lease

TeraWulf signed a 20-year lease with Anthropic expected to generate $19 billion in revenue.
The Anthropic campus will be built at TeraWulf’s Data site in Hawesville, Kentucky and support 401 MW of IT capacity.
Operations target the second half of 2027; full build-out by early 2028.
TeraWulf sold its 50.1% stake in the Abernathy AI data-center joint venture in Texas for $450 million, causing shares to rise about 12% after the announcements.

Summary

Petitioners Pause Approvals

An online petition with over 1,200 signatures urges officials to pause approvals of the Hawesville data center.
Lawmakers expanded data-center tax breaks, but a ratepayer-protection bill died when the General Assembly adjourned in April.
TeraWulf will use a closed-loop cooling system that does not draw municipal water.
The campus is expected to generate $14 million in state sales tax, $7 million in school tax, and 100 technical jobs after creating construction jobs.

Summary

TeraWulf Builds Campus

The Justified Data Campus will be built on a 750-acre former Century Aluminum smelter site in Hawesville, Kentucky.
The facility is designed to run high-density AI model training and enterprise-scale inference workloads for Anthropic.
Project documentation cites an infrastructure and environmental strategy, indicating TeraWulf’s emphasis on sustainable operations.
The campus will support a total critical IT load of 401 MW, underscoring its massive power requirements.

History

Historical Context

The Office of Management and Budget issued a 2011 memorandum creating FedRAMP, and the General Services Administration opened its program office in 2012 to standardize cloud security for federal agencies. Building on that federal effort, the Kentucky Assembly now mirrors the approach by approving a 20-year lease for an AI-focused data-center campus.

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TeraWulf Secures Anthropic Lease

TeraWulf signed a 20-year lease with Anthropic expected to generate $19 billion in revenue.
The Anthropic campus will be built at TeraWulf’s Data site in Hawesville, Kentucky and support 401 MW of IT capacity.
Operations target the second half of 2027; full build-out by early 2028.
TeraWulf sold its 50.1% stake in the Abernathy AI data-center joint venture in Texas for $450 million, causing shares to rise about 12% after the announcements.

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