TeraWulf signs 20-yr Anthropic lease for $19B revenue; sells Abernathy stake for $530M

TERAWULF INC.

20-year lease with Anthropic for 401 MW critical IT load at Justified Data Campus in Hawesville, KY; expected to generate ~$19B in contracted revenue over initial term.
Sold 50.1% interest in Abernathy Joint Venture to Fluidstack-led group for ~$530M, monetizing ~$450M investment at a premium.
Initial capacity at Justified Data expected online in H2 2027; full 401 MW ramp by early 2028.
Lease payments supported by investment-grade credit; Anthropic has option to extend term up to 10 additional years.
TeraWulf to redeploy capital from Abernathy sale into wholly owned AI infrastructure opportunities.

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