Bitcoin Miner TeraWulf Signs 20-Year, $19 Billion Anthropic Lease

Bitcoin News

Bitcoin miner TeraWulf has signed a 20-year lease with artificial-intelligence developer Anthropic to supply 401 megawatts of data-center capacity at its wholly-owned Justified Data campus in Kentucky. The company's investor-relations disclosure puts the contracted revenue at roughly 19 billion dollars over the term, equivalent to about one billion dollars a year once the site is fully operational. Shares of the ASIC-mining operator jumped as much as 15 percent in pre-market trading on the news. The deal converts a legacy Bitcoin operation into long-duration AI real estate, locking in cash-flow visibility that mining alone could never guarantee across two full decades.

On the same day it unveiled the Anthropic agreement, TeraWulf sold its stake — precisely 50.1 percent — in the Abernathy joint venture in Texas to an investor group led by Fluidstack for about 530 million dollars. The 168-megawatt Texas project, formed in 2025, had also been earmarked for AI data centers. Selling the shared-control asset at a premium frees roughly 450 million dollars of committed capital that management intends to redeploy into the fully-owned Kentucky campus. Chief executive Paul Prager has repeatedly stressed a strategy of owning and operating infrastructure directly, retaining full command over each site's long-term development rather than splitting control and margin with partners.

The Anthropic land grab is one node in a widening scramble for computing power. Separately, Meta has opened talks to rent spare data-center capacity to the same AI firm, with usage fees that could reach 10 billion dollars over two years under terms that emerged on July 17. Meta plans capital expenditure of up to 145 billion dollars in its 2026 fiscal year and — unlike its cloud-owning rivals — has historically reserved compute for internal AI and advertising workloads. Monetizing surplus capacity through monthly rental fees would help offset mounting concerns over the return on its ballooning infrastructure spending.

Anthropic's appetite for compute is straining every available supplier. The maker of the Claude model has already committed to paying SpaceX roughly 1.25 billion dollars a month to rent data-center capacity over three years, and is willing to pay above industry rates to secure hardware fast enough to keep pace with surging demand. That urgency is the engine behind the miner deals: firms that spent years securing cheap power contracts, grid interconnection and cooling now hold exactly the physical assets AI training consumes. For the crypto sector — Bitcoin and altcoins alike — a business once defined by hashrate is being repriced around kilowatts.

The pivot is already reshaping listed miners' income statements. Core Scientific now derives 39 percent of total revenue from AI colocation, while Canada's Hut 8 has locked in long-term leases across two dedicated AI campuses. Industry estimates suggest that as much as 70 percent of public miners' revenue could come from AI-related business by the end of 2026 — a remarkable inversion for companies built to secure the Bitcoin network. Cheap electricity contracts, existing grid connections and cooling infrastructure, all originally assembled for proof-of-work mining, translate directly into the specifications AI tenants demand today.

The transition is not costless. Retrofitting a mining site for AI workloads can run as high as 10 million dollars per megawatt, and structural strain is already visible: Bitcoin's hashrate — the aggregate computing power securing the network — fell in the first quarter of 2026 for the first time in six years. Power, not silicon, is the harder bottleneck, with transformer backlogs stretching three to five years and an estimated 30 to 50 percent of 2026 data-center projects slipping to 2028. TeraWulf itself faces an 18-month revenue gap, with first Kentucky deliveries due only in the second half of 2027 and full production in early 2028.

COINOTAG's proprietary 42-indicator composite scoring engine frames the setup precisely. With Bitcoin (BTC) trading near 64,728 dollars, up 1.18 percent on the day as of this writing, our engine rates the 67,088 dollar resistance at 76 out of 100 on the confluence of the upper Keltner band, the 0.382 Fibonacci level and the 100-period EMA, while the 63,706 dollar support earns a commanding 79 from the 20-period EMA, a high-volume node and Ichimoku Tenkan. Derivatives read constructively — a positive 0.0007 percent funding rate, 12.7 billion dollars of open interest and a 1.58 long-short ratio show 61.3 percent of accounts positioned long — yet an RSI of 54.77 and a Fear and Greed print of 25, or Extreme Fear typical of a bear-market mood, argue for caution. A daily close below 63,706 dollars would invalidate the bullish thesis and expose the 61,765 dollar shelf.