Terawulf Lands 20-Year Anthropic Lease for Kentucky AI Campus

Terawulf announced that Anthropic signed a 20-year lease for a purpose-built AI infrastructure campus at a former industrial site in Kentucky. The campus will power Anthropic's AI models. The deal is expected to generate revenue over the term, though Terawulf did not disclose financial terms.

Terawulf, a company known for bitcoin mining, is expanding into AI hosting. The Kentucky site, a former industrial location, will be repurposed for the data center. The company has been shifting toward high-performance computing as the crypto mining business faces margin pressure.

The 20-year term gives Anthropic long-term access to compute capacity. It also provides Terawulf with a stable revenue stream, diversifying away from bitcoin price exposure.

AI data center demand is surging as companies race to build infrastructure for large language models. Terawulf joins other miners in repurposing sites for AI workloads.

The lease is expected to generate revenue over its 20-year term. Terawulf did not disclose the financial terms.