Anthropic 401 MW lease at Justified Data
Company: TeraWulf - Project: Justified Data
The claim, verbatim
TeraWulf executed a 401 MW critical IT lease with Anthropic at Justified Data in July 2026, generating ~$19B over a 20-year term with two 5-year extensions.
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “401 MW of critical IT capacity leased to Anthropic July 2026 ➢ Generates long-term contracted cash flows ~$19B over 20-year lease term”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The Justified Data slide states that 401 MW of critical IT was leased to Anthropic in July 2026. It cites about $19B of contracted cash flows over a 20-year term and two 5-year extensions.
Confirmed in the source:
- TeraWulf executed a 401 MW lease with Anthropic
- The lease is for critical IT capacity at the Justified Data campus
- The lease was signed in July 2026
- The lease is expected to generate about $19B over a 20-year term
- The lease includes two 5-year extension options
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “401 MW of critical IT capacity leased to Anthropic July 2026 ➢ Generates long-term contracted cash flows ~$19B over 20-year lease term”