“Much of the bitcoin mining industry has expanded into AI infrastructure over the past couple of years, and now one miner’s AI pivot is paying off massively via an Anthropic deal involving datacenter capacity coming online by 2028 and potentially generating $19 billion in revenue. The move was announced by datacenter infrastructure provider TeraWulf on Monday and involves a 20-year lease by Anthropic for a new infrastructure campus in Hawesville, Kentucky.

Specifically, the agreement covers about 401 megawatts of critical IT load at TeraWulf’s Justified Data campus, a purpose-built AI facility expected to begin operating during the second half of 2027 and reach full capacity in early 2028. The projected $19 billion represents contracted revenue over the initial 20-year term, rather than money TeraWulf will receive upfront…

The deal is the latest example of bitcoin miners using their power contracts, land, transmission connections, cooling systems, and data center expertise to pursue AI customers. While converting a bitcoin mining site into an AI data center is not a plug-and-play process, miners often control the hardest and slowest parts of a new project: large supplies of electricity and sites already connected to the grid.”

From Gizmodo.