Key Highlights

  • The company agreed to sell its FS CS I LLC equity for $530 million, payable in three installments.
  • The first $250 million of the transaction is due within 14 days of the agreement.

Terawulf Inc. (NASDAQ: WULF) disclosed two significant developments on July 6 2026. The company entered into a long‑term lease agreement with Anthropic PBC that underpins a multibillion‑dollar AI data‑center initiative, and it completed a transaction to divest its stake in FS CS I LLC for more than half a billion dollars.

AI Data‑Center Lease Agreement

Under the newly signed lease, valued at $19 billion, Anthropic will gain access to high‑performance computing resources at Terawulf’s Hawesville, Kentucky campus. Installation of the leased infrastructure is slated to begin in late 2027 with completion targeted for early 2028. Rent obligations will commence upon delivery, and the lease is backed by investment‑grade credit.

Asset Sale Structure

Big Country Wulf LLC, a Terawulf subsidiary, executed a purchase agreement with Fluidstack CS I Inc. And affiliated investors to transfer all equity interests in FS CS I LLC. The transaction totals approximately $530 million and is organized into three staggered payments.

Initial Cash Flow

The agreement provides for an upfront payment of $250 million, which must be received within 14 days of execution. This infusion bolsters Terawulf’s liquidity ahead of upcoming capital projects. The final payment, roughly $130 million, is due on or before Apr 30 2027, subject to customary adjustments.

These scheduled receipts give the company predictable cash flow for its strategic initiatives.

Strategic Impact

The AI‑focused lease positions Terawulf as a key provider of large‑scale computing capacity for emerging artificial‑intelligence workloads. The disposal of the FS CS I LLC holding removes a non‑core asset, allowing management to concentrate on expanding its core data‑center portfolio and pursuing additional high‑value contracts.

Forward Outlook

Management expressed confidence that the lease and asset sale will enhance revenue growth and improve liquidity. The firm cautioned that future performance will depend on attracting additional high‑performance computing customers and maintaining operational efficiency across its sites. The press release is attached hereto.

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