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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
TeraWulf secured a long-term AI infrastructure lease with Anthropic, projected to generate approximately $19 billion in contracted revenue. Additionally, the company monetized its interest in the Abernathy joint venture by selling it to Fluidstack for $450 million. TeraWulf is now reportedly seeking $3.5 billion in debt financing, led by Morgan Stanley, to fund its Kentucky data center campus leased by Anthropic.