Anthropic 20-year IT capacity lease at Justified
Company: TeraWulf - Project: Justified Data
The claim, verbatim
WULF has agreed to provide Anthropic with 401 megawatts of critical IT capacity at the Justified campus in Kentucky under a 20-year lease, with phased delivery expected to begin in the second half of 2027 and finish in early 2028, representing approximately $19 billion of nominal revenue.
Source (primary)
WULF Stock Forecast 2030: TeraWulf Model & Cash Flow - Northwise (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “In Kentucky, WULF has agreed to provide Anthropic with 401 megawatts of critical IT capacity at a former aluminum-smelting site. Anthropic, an AI model developer, has leased approximately 401 critical IT MW for an initial twenty years. The agreement represents roughly $19 billion of nominal revenue, with phased delivery expected to begin in the second half of 2027 and finish in early 2028.”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The report establishes every element: the tenant, capacity, location, 20-year term, delivery timeline and roughly $19 billion nominal value.
Confirmed in the source:
- WULF agreed to provide Anthropic with about 401 MW of critical IT capacity
- The capacity is at the Justified campus in Kentucky
- The lease has an initial term of twenty years
- Phased delivery is expected to begin in the second half of 2027 and finish in early 2028
- The lease represents approximately $19 billion of nominal revenue
What we did: Read our cached copy of the publisher (https://northwiseproject.com/research/wulf-stock-forecast-2030) in full (77,288 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Stock Forecast 2030: TeraWulf Model & Cash Flow - Northwise
Quote: “In Kentucky, WULF has agreed to provide Anthropic with 401 megawatts of critical IT capacity at a former aluminum-smelting site. Anthropic, an AI model developer, has leased approximately 401 critical IT MW for an initial twenty years. The agreement represents roughly $19 billion of nominal revenue, with phased delivery expected to begin in the second half of 2027 and finish in early 2028.”