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TeraWulf shares surged after Anthropic signed a lease for a data center in Kentucky, handing the crypto-mining-turned-AI-infrastructure company a high-profile tenant and fresh momentum for a stock already up more than 80% this year.
The deal is a concrete payoff for TeraWulf's strategic repositioning away from cryptocurrency mining and toward serving the artificial intelligence industry's appetite for compute capacity.
For funds tracking where the AI buildout's capital actually lands, a named lease with a company of Anthropic's profile carries weight.
TeraWulf's Pivot From Mining to AI Infrastructure TeraWulf built its business on cryptocurrency mining before redirecting its facilities toward AI data center services.
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