Bitcoin miner TeraWulf has signed a $19 billion lease with Anthropic for an AI data center, the company confirmed this week. Separately, Meta is negotiating a deal potentially worth $10 billion to lease computing power to Anthropic for hosting its Claude AI models. The twin agreements underscore how deeply the AI boom is reshaping the infrastructure landscape — and how crypto miners are repositioning themselves as landlords for the next computing wave.
The TeraWulf deal
TeraWulf's lease with Anthropic is valued at $19 billion, making it one of the largest known infrastructure commitments between a crypto miner and an AI company. The deal covers a dedicated AI data center, though specific timelines and location details have not been disclosed. For TeraWulf, which has historically focused on Bitcoin mining, the agreement represents a sharp strategic pivot toward high-performance computing for AI workloads.
Meta's negotiations
Meta is in talks to lease computing power to Anthropic in a deal that could be worth around $10 billion. If finalized, it would give Anthropic access to Meta's vast data center capacity for running Claude, its flagship AI model. The negotiations are ongoing, and no binding agreement has been signed yet. Meta's interest in leasing rather than building its own AI infrastructure for a competitor is unusual, but reflects the intense demand for compute capacity in the AI arms race.
Crypto miners as AI landlords
The TeraWulf deal is the latest example of Bitcoin miners repurposing their energy-intensive facilities for AI hosting. Miners already own large power contracts and cooling infrastructure — assets that are increasingly valuable to AI companies struggling to secure data center space. TeraWulf's pivot could signal a broader trend, though the $19 billion price tag is orders of magnitude larger than typical miner-AI partnerships to date.
Anthropic now has two major compute sources in play: a signed lease with TeraWulf and a potential deal with Meta. The Meta negotiations are expected to continue over the coming weeks. Whether Meta finalizes the $10 billion lease — and how TeraWulf finances its massive buildout — are the open questions that will shape the next chapter of the AI infrastructure gold rush.
