Anthropic Signs $19B, 20-Year Lease for Kentucky Data Center
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- Anthropic signed a 20-year, $19 billion lease to use a TeraWulf data center in Kentucky, with the facility set to have approximately 400MW of capacity.
- First power delivery is scheduled for the second half of 2027, meaning the bulk of Anthropic's compute commitment will only come online well after the deal closes.
Why it matters: A 20-year, $19 billion commitment — roughly $950 million per year — locks Anthropic into dedicated compute capacity in Kentucky two full years before the first power flows in H2 2027. The scale and duration of the lease signal Anthropic is securing long-term infrastructure well beyond what typical short-term cloud contracts provide, while giving TeraWulf a hyperscale-grade anchor tenant.
