Woofun AI reports that TeraWulf CEO Paul Prager disclosed 20-year lease agreements with a total lifecycle value of approximately $19 billion, a figure exceeding the company's current market capitalization. Prager attributed this valuation to surging AI computing demand and the successful competitive bidding for the Kentucky project, which secured Anthropic through grid power access and long-term infrastructure commitments. The company is currently collaborating with Anthropic and Google at the Lake Mariner campus in New York while divesting non-core assets to focus capital on wholly controlled AI data centers.