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

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.