Anthropic is committing to a purpose-built 401 MW AI campus on a former aluminum smelter site in Hawesville, Kentucky, under a twenty-year lease expected to deliver roughly $19 billion in revenue to TeraWulf, with the first phase of power scheduled to come online in the second half of 2027 and full scale targeted for early 2028.
era of popping off 20 year data center contracts like candy, what could go wrong?
nothing, of course, when future lightcone of value has already been (regulatory) captured!
Anthropic signs a 20-year, $19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity, with the first power delivery in H2 2027 (CNBC)
(Visit Techmeme dot com for the link and full context!)
The contract supplies an investment-grade anchor tenant that lets TeraWulf point to nearly $19 billion in contracted lease income while it monetizes an unrelated Texas joint venture to recycle capital into owned projects.
Initial capacity is slated for late 2027 with the full 401 MW arriving by early 2028, though the company flags standard construction and power risks that could shift those forward-looking milestones.
Many users criticized Anthropic's $19B 20-year lease for the 400MW Kentucky data center as regulatory capture and excessive long-term debt that locks out competitors.
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LFG!!! WOOF WOOF
Does Anthropic... have long timelines???
Anthropic signs a 20-year, $19B lease to use a TeraWulf data center in Kentucky, set to have a ~400MW capacity, with the first power delivery in H2 2027 (CNBC)
(Visit Techmeme dot com for the link and full context!)
@suchenzang @AtlantisPleb I hate them so much
era of popping off 20 year data center contracts like candy, what could go wrong?
nothing, of course, when future lightcone of value has already been (regulatory) captured!
@yacineMTB @AtlantisPleb new addendum to ToS: ingrates are not allowed the privilege of exchanging money for lightcone services
@zephyr_z9 Bro why is $CRSR being left out on this Memory rally?
@krapstarr i love 20yr debt, truly an american dream come true
@dutoila @zephyr_z9 They don’t make ram?
@suchenzang 400MW and a 20 year lease. i can't even commit to a gym membership that long
@suchenzang @krapstarr just think of it like a mortgage
@zephyr_z9 Lmaooo 😭
@zephyr_z9 My strategy plan.
⬇️
@zephyr_z9 IG credit? who is backing the financing
@iScienceLuvr If you have short timelines, it actually makes a 20 year lease more palatable
@zephyr_z9 colo pricing rising
@Lost_Signal @zephyr_z9 They do, they were up there with $NVDA back in the 2021 rally, there's something fishy about this whole dram thing
@zephyr_z9
@iScienceLuvr Probably they have something that allow both sides to stop the lease at 3 months notice like Spacex
@zephyr_z9 Half a year before, he was not sure about misplacing 1-2 year budget, and now 20 year lease
@iScienceLuvr Do you think this deal is worse for Anthropic if we takeoff tomorrow?
@iScienceLuvr On top of being compute starved, 19 year lease means they can sublease to other companies at exorbitant rates in the future when the oppurtunity presents itself.