Category: Markets
Published: 2026-07-07T13:15:00.000Z
TeraWulf Inc. secured a landmark 20-year lease agreement with Anthropic worth an estimated $19 billion, transitioning from volatile cryptocurrency mining to stable, high-margin AI infrastructure hosting. The company sold its stake in the Abernathy Joint Venture for $450 million to fund the 401-megawatt Justified Data campus in Kentucky. This shift from unpredictable mining rewards (~$87,000/MW/month) to utility-grade AI workloads (~$149,000/MW/month) fundamentally improves margins and revenue visibility, while high institutional ownership and elevated short interest create potential for significant price appreciation.
News summary curated and translated by CausifyMarket. Always consult original sources before making any financial decision.