Bitcoin mining company TeraWulf has signed a 20-year lease agreement with AI firm Anthropic that is projected to generate roughly $19 billion in revenue, marking a significant pivot for the miner toward AI and high-performance computing infrastructure. The deal reflects a broader industry trend in which Bitcoin miners repurpose their energy-intensive facilities and data center capacity to serve growing demand from artificial intelligence workloads. News of the agreement drove TeraWulf's shares higher and lifted other major Bitcoin mining stocks, as investors reacted to the potential for stable, long-term revenue streams outside of volatile cryptocurrency markets. The arrangement underscores how mining firms are increasingly seeking to diversify their business models by leveraging existing power access and infrastructure to support AI computing customers, positioning themselves at the intersection of the crypto and artificial intelligence sectors.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.