Anthropic Secures $19B Lease for Kentucky Data Center Expansion

WHO:

CNBC - Anthropic, a leading AI company, signed a lease with TeraWulf, a crypto mining company that has pivoted to AI data center infrastructure.

CNBC - Paul Prager is the CEO of TeraWulf.

WHAT:

CNBC - Anthropic signed a 20-year lease to use a TeraWulf data center.

CNBC - The lease is expected to generate around $19 billion in revenue over its initial term.

CNBC - TeraWulf shares soared more than 16% in premarket trading following the announcement.

WHERE:

CNBC - The data center is located in Hawesville, Kentucky, about an hour southwest of Louisville.

WHEN:

CNBC - The data center is set to have a capacity of around 400 megawatts, with first power delivery expected in the second half of 2027.

WHY:

CNBC - Paul Prager stated, "The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies."

HOW:

CNBC - TeraWulf sold its 50% interest in a 168-megawatt data center in Abernathy, Texas, to an investor group led by Fluidstack.

(UPDATED July 6, 2026 14:22 UTC)

Anthropic, a leading AI company, has signed a significant 20-year lease with TeraWulf, a crypto mining company that has transitioned to AI data center infrastructure, with the lease expected to generate around $19 billion in revenue over its initial term. The data center, located in Hawesville, Kentucky, is set to have a capacity of about 400 megawatts, with the first power delivery anticipated in the second half of 2027. Following the announcement, TeraWulf shares surged more than 16% in premarket trading, and CEO Paul Prager expressed that the lease validates their strategy and establishes a long-duration revenue stream with one of the world's leading AI companies.