Anthropic Signs ~$19B 20-Year Data Center Lease With TeraWulf in Kentucky
On July 6, 2026, TeraWulf announced a 20-year lease with Anthropic for a purpose-built AI campus at its Justified Data site in Hawesville, Kentucky—expected to generate about $19 billion in contracted revenue. The site targets ~401 MW of critical IT load, with initial capacity in H2 2027 and full capacity by early 2028.
TLDR
TeraWulf on July 6, 2026 said it signed a 20-year lease with Anthropic for AI infrastructure at the Justified Data campus in Hawesville, Kentucky, a deal expected to produce roughly $19 billion in contracted revenue. Capacity is about 401 megawatts of critical IT load; first power is targeted for second half of 2027, full build by early 2028. Shares jumped on the news.
Deal terms
From TeraWulf’s investor press release and Reuters/CNBC:
- Tenant: Anthropic.
- Term: 20 years.
- Revenue expectation: ~$19 billion contracted (TeraWulf estimate).
- Site: Justified Data campus, Hawesville, KY (former industrial/aluminum-area redevelopment context in coverage).
- Scale: ~401 MW critical IT load.
- Timeline: Initial capacity H2 2027; full capacity early 2028.
- Related: Same announcement included TeraWulf’s sale of a majority interest in the Abernathy joint venture to Fluidstack.
Why this story matters
Frontier labs are locking decades-long power-and-shell contracts far from the coasts. A ~$19B Anthropic–TeraWulf lease is another data point that Claude-scale compute is a multi-year industrial build—not a quarterly GPU buy—and that “neocloud” operators can re-rate on single lab anchors.
Sources
- TeraWulf IR: “TeraWulf Announces Anthropic Lease at Justified Data Campus…” (July 6, 2026). Primary.
- Reuters: “TeraWulf jumps on $19 billion data center lease deal with Anthropic” (July 6, 2026).
- CNBC / SiliconANGLE / Data Center Dynamics same-day coverage.