TeraWulf signs $19B, 20-year AI lease with Anthropic; sells Abernathy JV for $530M

Filed July 6, 2026 · Period ending July 6, 2026 · ~1 min read

Key Changes

• high

  Signed 20-year lease with Anthropic for 401 MW AI data center campus in Kentucky, expected to generate ~$19B contracted revenue over initial term, backed by investment-grade credit. Capacity delivery begins late 2027, full ramp early 2028.

  Item 8.01 verify on EDGAR →
• high

  Selling entire 50.1% stake in Abernathy Joint Venture (FS CS I LLC) to Fluidstack-led group for ~$530M ($250M within 14 days, $150M by Dec 2026, ~$130M by Apr 2027), monetizing ~$450M investment at a premium.

  Item 8.01 verify on EDGAR →
• high

  Strategic pivot to wholly owned infrastructure: exiting joint venture structure to recycle capital into platforms where TeraWulf maintains direct ownership, customer relationships, and operational control for greater long-term economic value.

  Exhibit 99.1 verify on EDGAR →