Terawulf Stock Surges After Kentucky Data Center Deal With Anthropic

Terawulf stock surged after signing a 20-year AI infrastructure lease with Anthropic, which is expected to generate approximately $19 billion in contracted revenue. This agreement is part of a broader strategy to focus on large-scale AI infrastructure. To support this shift, Terawulf is reshaping its data center operations, which includes the Kentucky deal and the decision to exit certain assets in Texas to better align with its artificial intelligence objectives.