TeraWulf and Anthropic sign 20-year AI compute lease

Major Bitcoin miners are increasingly pivoting their computing capacity toward artificial intelligence and high-performance computing data centers to capture higher, more predictable revenues than traditional mining yields. Companies like TeraWulf, CleanSpark, and CoreScientific have signed multi-year leases and high-power contracts amid shrinking block rewards and rising power costs. However, analysts note that these miners face significant capital hurdles, needing tens of billions of dollars to bridge funding gaps and upgrade their infrastructure for liquid cooling and hyperscaler standards. Open article →