secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2026-07-06T12:08:19+00:00
Accession:  0001104659-26-080583
Event type: other_material
Sentiment:  positive
Materiality: 0.95
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/0001104659-26-080583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000110465926080583/tm2619468d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-080583

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer