TeraWulf Executes 20-Year Lease Deal With Anthropic At Its Justified Data Campus Site In Kentucky; Signs Agreement To Sell 50.1% Stake In Abernathy Joint Venture To Investor Group Led By Fluidstack

TeraWulf Inc.
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TeraWulf Inc.

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TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), a leading owner, developer, and operator of vertically integrated digital infrastructure, today announced two significant transactions that further advance its strategy of developing, owning, and operating large-scale AI infrastructure campuses.

The Company has executed a 20-year lease agreement with Anthropic at its Justified Data campus in Hawesville, Kentucky. The lease is expected to generate approximately $19 billion of contracted revenue over the initial lease term.

Separately, TeraWulf has entered into a definitive agreement to sell its 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by its joint venture partner, Fluidstack. The transaction monetizes TeraWulf's approximately $450 million investment at a premium to invested capital, unlocking significant capital for redeployment into wholly owned AI infrastructure opportunities.

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