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AI TRENDS | TeraWulf CEO Paul Prager Says Anthropic-Linked Kentucky Lease Is Valued at About $19 Billion

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2026-07-13 19:49:50
TeraWulf CEO Paul Prager said a 20-year lease in Kentucky tied to Anthropic is valued at roughly $19 billion. According to NS3.AI, Prager said the project secured Anthropic through a competitive bidding process that emphasized access to grid power and long-term infrastructure.

Prager also said TeraWulf plans to reinvest proceeds from its Abernathy sale into wholly owned AI infrastructure projects.
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