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Deep & Emerging Tech·July 9, 2026·1 min read

TeraWulf Eyes $3.5 Billion for Anthropic-Leased Data Center

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A $3.5 billion debt raise for an Anthropic-leased Kentucky campus shows AI data centers are now financed like power plants — long-term offtake plus heavy leverage. If you depend on hyperscale compute, your real counterparty is becoming project finance and utilities as much as the AI lab itself.