TeraWulf Pivots to AI Infrastructure with Over $27B in Contracted Revenue

Key Facts

1TeraWulf has pivoted from bitcoin mining to AI data center leasing, securing over $27B in long-term contracted revenue.

2The company signed a 20-year, 401MW lease deal with Anthropic and multiple agreements backed by Google.

TeraWulf has pivoted from bitcoin mining to AI data center leasing, securing over $27B in long-term contracted revenue. Seeking Alpha reported that the company signed a 20-year, 401MW lease deal with Anthropic and multiple agreements backed by Google. The transition leverages the company's power assets to meet surging demand for AI infrastructure, aiming for a projected annual rent run-rate of $1.76B upon full delivery.

WULF closed at $13.37 on October 12, 2026, while GOOGL closed at $352.72 on the same date. The company's strategy focuses on high-quality tenants to offset near-term earnings pressure during the infrastructure ramp-up phase. For context in the technology sector, MSFT closed at $541.15 and META closed at $742.96 on October 12, 2026.