The onetime pure bitcoin miner signed a 20-year deal to host the AI firm at a Kentucky campus, the latest crypto-adjacent company to trade mining for the steadier money in artificial-intelligence infrastructure.

TeraWulf is a crytpo mining company that has pivoted to AI data center infrastructure. Its stock is up more than 80% this year.

TeraWulf's 20-year lease deal with Anthropic is expected to generate $19 billion in revenue—and major Bitcoin mining stocks are surging.