India, July 6 -- Crypto mining companies are quickly changing their business models to become AI data center companies because artificial intelligence is creating huge demand for powerful computing infrastructure.

One of the biggest examples is Anthropic, which has signed a 20-year lease with TeraWulf to use a new AI data center in Hawesville, Kentucky, as per the official TeraWulf press release. The lease is expected to generate around $19 billion in revenue for TeraWulf during the initial 20-year period, making it one of the company's biggest long-term deals.

The data center is located about one hour southwest of Louisville, Kentucky, and is being built at TeraWulf's Justified Data Campus. The campus will provide around 401 megawatts ...