Lease · Data-center Lease · Signed
Anthropic and TeraWulf 20-year data-center lease
A TeraWulf subsidiary signed a 20-year lease with Anthropic for critical IT load at its Justified Data campus in Hawesville, Kentucky. Delivery is expected in phases from late 2027 to early 2028.
- Expected contracted lease revenue over the initial term
- about $19B
- Announced · 8-K · 20 yrs
- Critical IT load
- ≈401 MW
- 8-K · 20 yrs
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Expected contracted lease revenue over the initial termContract value · Anthropic → TeraWulf · 20 yrsCondition: TeraWulf's expectation over the initial lease term“The lease is expected to generate approximately $19 billion of contracted revenue over the initial lease term.” | about $19B | Announced | 8-K ↗ |
Capacity and counts
| Measure | Value | Source |
|---|---|---|
Critical IT load20 yrs“the Landlord will provide Anthropic with approximately 401 MW of critical IT load for high-performance computing ("HPC") operations at the Company's data center campus located in Hawesville, Kentucky” | ≈401 MW | 8-K ↗ |
Participants
Roles as the source names them
| Organization | Role | Type | Note |
|---|---|---|---|
| TeraWulf | Landlord | Data centers | Through its subsidiary Raylan Data LLC |
| Anthropic | Tenant | AI lab | Anthropic PBC |
Key terms
- Term
- 20 years from delivery, with two optional five-year renewals. 8-K ↗
“Anthropic's obligation to pay rent under the Justified Data Campus Lease will commence upon the delivery of the applicable leased premises and continue for a term of 20 years thereafter, subject to Anthropic's option to extend the term for up to an additional ten years through two successive five-year renewal options.”
- Delivery
- In phases from late 2027 to early 2028. 8-K ↗
“Delivery of the leased capacity is expected to occur in phases beginning in late 2027 and concluding in early 2028.”
Context
TeraWulf sells its Abernathy joint-venture interest to a Fluidstack-led group
Jul 6, 2026 · Reported in the same 8-K.
Sources
- SEC EDGAR (TeraWulf Inc.), “TeraWulf Form 8-K, July 6, 2026 (Justified Data Campus lease and Abernathy transaction)”, Jul 6, 2026 · Form 8-K, accession 0001104659-26-080583 · retrieved Oct 21, 2026
- SEC EDGAR (TeraWulf Inc.), “TeraWulf press release, July 6, 2026 (Exhibit 99.1): Anthropic lease at Justified Data Campus and sale of Abernathy interest to Fluidstack”, Jul 6, 2026 · Form 8-K, accession 0001104659-26-080583 · retrieved Oct 21, 2026
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