According to channelnewsasia.com, TeraWulf has entered into a $19 billion long-term lease agreement with artificial intelligence company Anthropic for purpose-built data center capacity in the United States.
Strategic Infrastructure Commitment
The deal represents one of the largest data center leasing arrangements announced in 2024 and underscores Anthropic’s aggressive infrastructure scaling to support its Claude large language models. TeraWulf, a U.S.-based Bitcoin mining and high-performance computing infrastructure provider, will repurpose and expand its existing energy-efficient facilities—primarily located in upstate New York and Pennsylvania—to host Anthropic’s AI workloads.
TeraWulf confirmed the agreement covers $19 billion in committed lease payments over the term of the contract, which spans 15 years. The first phase of deployment is scheduled to begin in Q3 2025, with initial capacity expected to come online at TeraWulf’s Massena, New York site—a location chosen for its access to low-cost hydropower and robust fiber connectivity.
Energy and Location Strategy
Anthropic selected TeraWulf based on its vertically integrated power strategy: the company owns or controls over 1.2 gigawatts of dispatchable clean energy assets, including hydroelectric, nuclear-powered, and natural gas peaker facilities co-located with its data centers. This enables guaranteed uptime and carbon-intensity profiles aligned with Anthropic’s sustainability commitments.
The lease includes provisions for three geographically distributed campuses: Massena (New York), Plymouth (Pennsylvania), and a yet-to-be-announced third site in the Mid-Atlantic region. All sites are designed to achieve PUE (Power Usage Effectiveness) of 1.12 or lower, significantly below the industry average of 1.58 reported by the Uptime Institute in its 2023 Global Data Center Survey.
Market Context and Competitive Positioning
This agreement follows similar large-scale infrastructure partnerships in the AI sector—including Microsoft’s $10 billion-plus investment in OpenAI’s compute infrastructure and Amazon’s $30 billion commitment to AWS generative AI infrastructure through 2027. Unlike hyperscalers that build their own data centers, Anthropic opted for a colocation-first model with specialized partners like TeraWulf to accelerate time-to-deployment while retaining architectural control.
According to the report, TeraWulf’s revenue from AI infrastructure services is projected to grow from $0 in 2023 to an estimated $1.4 billion annually by 2026. The company plans to allocate $420 million in capital expenditures over the next two years to retrofit existing facilities and construct new modular data halls specifically for Anthropic’s thermal and power-density requirements.
Source: channelnewsasia.com
Compiled from international media by the SCI.AI editorial team.
