TeraWulf and Anthropic: 401 MW lease at Justified Data Campus (Kentucky)

TeraWulf has leased about 401 MW of critical IT load at its Justified Data Campus in Hawesville, Kentucky, to Anthropic.

Owner
TeraWulf
Partners
Anthropic (tenant); Big Rivers Electric, Kenergy (power supply)
Location
Justified Data Campus, Hawesville, Hancock County, Kentucky
Announced capacity
401 MW
Capacity as announced
About 401 MW of critical IT load leased to Anthropic for 20 years; up to 482 MW electric service approved
Status
Contracted
Timeline
Initial capacity H2 2027; full 401 MW by early 2028
Announced

On July 6, 2026, TeraWulf announced a 20-year lease with Anthropic for approximately 401 MW of critical IT load at the Justified Data Campus in Hawesville, Kentucky, developed in multiple phases. TeraWulf put the contracted lease revenue at approximately $19 billion over the initial term. Initial capacity is expected to be placed into service in the second half of 2027, with the full 401 MW by early 2028. In the same release, TeraWulf said it would sell its 50.1% interest in the Abernathy, Texas joint venture to an investor group led by Fluidstack.

On August 24, 2026, TeraWulf said the Kentucky Public Service Commission had approved a retail electric service agreement for up to 482 MW of electric service at the campus, on the former Century Aluminum Hawesville site in Hancock County. The approval authorizes Big Rivers Electric Corporation and Kenergy Corp. to implement the agreement.

Country
United States
Project type
Compute deal
Announcement
investors.terawulf.com
Checked

Questions

How much capacity is Anthropic leasing from TeraWulf?
About 401 MW of critical IT load at the Justified Data Campus, under a 20-year lease.
When will the Justified Data Campus come online?
TeraWulf expects initial capacity in the second half of 2027 and the full 401 MW by early 2028.
How much is the Anthropic lease worth?
TeraWulf put it at approximately $19 billion of contracted lease revenue over the initial term.
Has the campus’s power supply been approved?
Yes. TeraWulf said on August 24, 2026 that the Kentucky Public Service Commission approved an agreement for up to 482 MW of electric service.
Sources:

Source

Every value comes from the company’s own announcement, investor release or newsroom post, linked on each project with the date it was last checked. How we pick and check sources: editorial standards.

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