TeraWulf Signs ~US$19B Compute Deal With Anthropic, Buys Power Plant
In one line: Bitcoin miner TeraWulf (WULF) is reportedly signing a roughly US$19 billion compute-supply deal with Anthropic and buying a power plant, accelerating its shift into AI data centers.
Key points
- TeraWulf reportedly struck a large ~US$19 billion agreement to supply AI compute capacity to Anthropic.
- The company also acquired a power plant to redirect cheap mining electricity toward AI training and inference data centers.
- The deal is read as a signal that TeraWulf is pivoting from crypto mining toward leasing AI infrastructure.
Why it matters
Surging compute demand from major AI firms like Anthropic is pushing miners to convert idle power and sites into AI data centers. It points to a new supply source emerging in an AI infrastructure race bottlenecked by GPUs and power.