Bitcoin miner TeraWulf signed a 20-year artificial intelligence infrastructure lease with Anthropic valued at $19 billion. The company also sold its majority stake in a separate AI data center joint venture, with its shares rising after the developments.
The transactions matter because they expand TeraWulf’s exposure to AI infrastructure while changing its ownership position in another data center project. Together, the moves show the company pursuing long-term commercial activity beyond its Bitcoin mining operations.
The Anthropic agreement gives TeraWulf a two-decade lease tied to AI infrastructure. The reported $19 billion value makes the contract a significant long-term commitment for the Bitcoin miner.
Separately, TeraWulf exited its majority position in an AI data center joint venture through a stake sale. The lease and divestment are distinct transactions, but both center on the company’s involvement in computing infrastructure for artificial intelligence.