Anthropic 401 MW HPC Lease
Company: TeraWulf - Project: Justified Data
The claim, verbatim
TeraWulf has leased 401 MW of critical IT capacity to Anthropic on a 20-year term with two 5-year extension options at Justified Data in Hawesville, KY, generating approximately $19B in long-term contracted revenue
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “401 MW of critical IT capacity leased to Anthropic July 2026...20-year lease term. Lease includes 2 5-year extensions...long-term contracted cash flows (~$19B)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation states that 401 MW at Justified Data in Hawesville, KY was leased to Anthropic in July 2026. It describes a 20-year term with two 5-year extensions and about $19B of contracted cash flows over the 20 years.
Confirmed in the source:
- TeraWulf leased 401 MW of critical IT capacity to Anthropic
- The lease is at the Justified Data campus in Hawesville, KY
- The lease term is 20 years
- The lease includes two 5-year extension options
- The lease generates approximately $19B in long-term contracted cash flows over the 20-year term
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved September 1, 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...20-year lease term. Lease includes 2 5-year extensions...long-term contracted cash flows (~$19B)”