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Anthropic has signed a lease for a TeraWulf data center in Kentucky, bringing a prominent AI company to a business that rebuilt itself from cryptocurrency mining into artificial intelligence infrastructure.
The deal represents a commercial validation of TeraWulf's pivot strategy. TeraWulf shares have risen more than 80% this year as investors tracked that repositioning.
TeraWulf's Pivot From Crypto Mining to AI Infrastructure TeraWulf began as a cryptocurrency mining operation before recognizing that the physical profile of its sites — power-dense, configured for continuous high-intensity compute — translated directly to the requirements of AI data centers.
The company repositioned its Kentucky assets accordingly. The Anthropic lease signals that the transition has moved from stated strategy to signed contract.
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