Quarterly ResultAug 5, 2026, 07:05 AM
TeraWulf Secures $19B Anthropic Lease, Acquires Muskie Data Campus
AI Summary
TeraWulf Inc. announced its second quarter 2026 financial results, highlighting significant strategic expansion and strong liquidity. The company secured a 20-year data center lease with Anthropic for approximately 401 MW, valued at ~$19 billion in contracted revenue, and acquired the gigawatt-scale Muskie Data Campus. Additionally, TeraWulf agreed to monetize its Abernathy Joint Venture interest for ~$530 million. The company reported Q2 revenue of $44.8 million, with HPC leasing contributing 71%, and maintained substantial liquidity with $3.0 billion in cash and restricted cash.
Key Highlights
- Secured a 20-year data center lease with Anthropic for ~401 MW, representing ~$19 billion in contracted revenue.
- Acquired the Muskie Data Campus in Kentucky, providing up to 1 GW of contracted electric service.
- Agreed to sell 50.1% interest in Abernathy Joint Venture for ~$530 million cash.
- Reported Q2 2026 revenue of $44.8 million, with HPC lease revenue at $31.9 million (71% of total).
- Ended Q2 with approximately $3.0 billion in cash and restricted cash.
- Increased revenue-generating IT capacity at Lake Mariner to 102 MW, with 336 MW under construction.
- Received FERC authorization for the proposed acquisition of the Morgantown generating station.
Price Impact
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