Woofun AI reports that TeraWulf shares rose approximately 12% in Monday morning trading following the announcement of a strategic pivot toward artificial intelligence infrastructure. The Bitcoin miner has secured a major contract with Anthropic while simultaneously divesting from a joint venture to consolidate control over its new assets.

The core of this expansion is a 20-year lease agreement with Anthropic, projected to generate roughly $19 billion in revenue. Anthropic will occupy a purpose-built campus at TeraWulf’s Justified Data site in Hawesville, Kentucky. Acquired in February, the facility is engineered to support 401 MW of critical IT capacity. Initial operations are scheduled for the second half of 2027, with full buildout targeted for early 2028.

Structurally, TeraWulf is liquidating legacy partnerships to fund this transition. The company agreed to sell its 50.1% stake in the Abernathy joint venture, an AI data center project located in Texas. The buyer is an investor group led by partner Fluidstack. This transaction is expected to return TeraWulf’s approximately $450 million investment, capital that will be redirected into wholly owned AI infrastructure projects.

Per Woofun AI, the broader industry faces significant capital hurdles as demand outpaces computing capacity. Blocksbridge Consulting estimated in June that public Bitcoin miners pursuing AI infrastructure may require roughly $50 billion in near-term capital. Competitors are moving aggressively: HIVE Digital signed a three-year, $220 million deal with Cohere via Bell Canada’s AI Fabric, while IREN acquired Nostrum Group to secure 490 MW of European power.

This marks a definitive shift from crypto mining to high-performance computing for energy-rich firms. TeraWulf’s stock has gained roughly 107% year-to-date, reflecting investor confidence in the scalability of its power assets. The trend underscores the premium placed on grid-connected campuses capable of supporting advanced cooling and high-density chips.