TeraWulf Powers On With New Tenant, Anthropic, Despite Capex/Debt Risks
TeraWulf secured a 20-year lease with Anthropic, confirming demand for AI compute, and acquired the Morgantown Generating Station to support its power-centric digital infrastructure strategy. The company faces near-term headwinds from its aggressive capex plans, though a $27 billion backlog supports the build-first-and-lease-later approach.
Why it matters — WULF watchers would care because the Anthropic deal validates the company's strategy and demand for AI infrastructure, but the associated capex and debt risks remain key factors to monitor.