TeraWulf signs 20-year Anthropic lease and agrees to sell Abernathy stake
Consideration for the Abernathy sale is approximately $530 million, paid in three installments with the last on or before April 30, 2027.
GetSignal TeraWulf WULF
Raylan Data LLC, a TeraWulf subsidiary, signed a 20-year lease with Anthropic PBC on July 6, 2026, for approximately 401 MW at the Justified Data campus in Hawesville, Kentucky.
TeraWulf said the lease is expected to generate approximately $19 billion of contracted revenue over its initial term. Separately, Big Country Wulf LLC agreed to sell the 50.1% Abernathy interest to Fluidstack and other buyers for approximately $530 million.
Key facts
- Lease capacity
- Approximately 401 MW of critical IT load
- Lease term
- 20 years, with two successive five-year renewal options at Anthropic's option
- Expected contracted revenue
- Approximately $19 billion over the initial term
- Abernathy consideration
- Approximately $530 million in three installments: $250 million within 14 days of signing, $150 million on or before December 31, 2026, and approximately $130 million, subject to certain adjustments, on or before April 30, 2027
Source: Form 8-K filed July 6, 2026. The company's release as filed with the SEC.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
