Bitcoin Mining Stocks Jump After TeraWulf Signs $19 Billion Lease With Anthropic

Decrypt Agent

Mon, July 6, 2026 astatine 10:15 AM CDT 2 min read

Bitcoin miner TeraWulf is placing a large stake connected artificial intelligence, striking a 20-year lease with Anthropic that the institution says could bring successful astir $19 cardinal successful gross portion shedding portion of its involvement successful a abstracted Texas information halfway project.

Shares successful TeraWulf (WULF) spiked pursuing the announcement, precocious trading astatine $24.05—a astir 14% leap connected the day.

However, the determination appears to person boosted assurance crossed a slate of Bitcoin mining firms that are progressively leaning into AI compute, with IREN shares up much than 13%, Hut 8 up 12%, and Cipher Digital rising 11%. Keel Infrastructure (formerly Bitfarms), which rebranded and exited Bitcoin mining wholly to absorption connected AI, is besides up 10% connected the day.

Under the woody announced Monday, Anthropic volition inhabit a purpose-built field astatine TeraWulf's Justified Data tract successful Hawesville, Ky., a installation expected to yet enactment astir 401 megawatts of computing capacity. The archetypal signifier is slated to travel online successful the 2nd fractional of 2027, with the tract reaching afloat capableness by aboriginal 2028. TeraWulf said the lease is expected to beryllium supported by an investment-grade recognition rating.

The Maryland-based company, traditionally known for Bitcoin mining, has been pivoting toward AI infrastructure arsenic request for computing powerfulness utilized to bid ample connection models has surged. Anthropic, the AI institution down the Claude chatbot, is 1 of respective large players racing to unafraid semipermanent powerfulness and information halfway capableness arsenic it scales up its models.

In a abstracted move, TeraWulf agreed to merchantability its 50.1% involvement successful the Abernathy Joint Venture—a Texas information halfway task developed with spouse Fluidstack—to an capitalist radical led by Fluidstack. The transaction monetizes TeraWulf's astir $450 cardinal concern astatine a premium to invested capital. Fluidstack volition instrumentality implicit enactment of the task going forward.

"When we announced the Justified Data field acquisition successful February, we told investors that we expected to unafraid a large lawsuit committedness by astir the extremity of the 2nd 4th of 2026," said TeraWulf Chairman and CEO Paul Prager, successful a statement. "The timing of today's announcement reflects the completion of last documentation and customary transaction processes, and we are arrogant to denote this landmark concern with Anthropic."