Terawulf

Artificial intelligence infrastructure is transforming contracts into collateral, as hyperscalers, investors, and operators secure compute capacity.

Anthropic has signed a 20-year lease for a Kentucky data center with TeraWulf, valued at $19 billion, while TeraWulf is also selling its stake in a joint venture with Fluidstack.

The AI infrastructure financing landscape is bifurcating into large-scale hyperscaler mega-builds and smaller, contract-backed independent platforms, fundamentally altering how capacity is funded and ownership structures are established.

Data Center Knowledge visited the TeraWulf and Schneider Electric campus in Buffalo, New York, to examine the infrastructure required for powering and cooling advanced data centers.

TeraWulf's Lake Mariner campus is repurposing a retired coal plant into an AI factory prototype, demonstrating an ambitious AI deployment that leverages old industrial power infrastructure, as observed during a Schneider Electric press event.