Bitcoin miner TeraWulf soars on a $19 billion AI data-center lease with Anthropic
CoinDesk·
60-second summary
TeraWulf is soaring after signing a 20-year, $19 billion lease with Anthropic to host the AI firm at a Kentucky campus, marking a significant shift from pure bitcoin mining to artificial-intelligence infrastructure. This deal follows other crypto-adjacent companies transitioning to steadier revenue streams, potentially influencing the mining industry's future business models and revenue diversification strategies.
The onetime pure bitcoin miner signed a 20-year deal to host the AI firm at a Kentucky campus, the latest crypto-adjacent company to trade mining for the steadier money in artificial-intelligence infrastructure.