'FANTASTIC CONTRACT': TERAWULF CEO TOUTS $19B LEASE AGREEMENT WITH ANTHROPIC - TERAWULF INC

talk about the x-factor terror wolf stock got a midweek boost after ceo paul prager put out a late night post on x saying ai power demand for 2028 through 2029 remained quote extremely strong then the world's richest man reinforced data center's thirst for energy thesis on spacex's earnings call. The constraint on deployment of superintelligence is more in power and cooling and infrastructure than it is in chips. The power, cooling, electrical equipment, infrastructure is somewhat of a limiting factor. But the bears bared their claws once again as mounting debt and sky-high spending revived fears of an infrastructure money pit. Joining me now, How terrible. Chairman, co-founder and CEO Paul Prager. Paul, did you have any idea Tuesday night what your tweet would unleash? Because it helped fix, at least temporarily, a lot of the stocks that were getting hammered, including your own. I'm glad it was received well. I mean, the reality is that the market seems to be confused about the different players in the high power compute space. we are not a neocloud we're an energy infrastructure company we have long-term predictable cash flows from quality credits by the way our customers are customers like anthropic and google so we make money over the course of the next 20 years right and we get electricity supplied to these facilities from investment grade utilities so we're not nearly as speculative of it. So I think the neocloud business model is. Well, investors don't need Elon to tell them that energy is the bottleneck when it comes to building up these data centers. So why is the market on balance punishing stocks like yours, where you say you are the ones who can clear out the bottleneck? Well, I think there's generally a massive misconception that we're, you know, we are not taking risk at the quality or the spec of a TPU or a GPU. We take energy, we turn it into high power compute, and again, investment grade offtake and input on both sides. And I think the other thing is that in our space, people aren't differentiating yet between who could really do that and who cannot. We are delivering data hall CB4, for instance, at a Lake Mariner facility in WE ARE DELIVERING C.B.5, C.A.B., C.P.A., C.R.I.P., CREDIT CREDIT CREATED IN UPSTATE NEW YORK THIS QUARTER. WE ARE DELEVING C-B-5 NEXT QUARтер. WHEN WE HAVE THESE TWO DATA HAULS ONLINE, WE'RE GOING TO PROJECT 700 PLUS MILLION IN REVS NEXT YEAR. THAT'S UNBELIEVABLE, AGAIN, WITH A LONG-TERM OFF-TAKE AGREEMENT WHERE OUR DEBT IS GUARANTEED BY AN INVESTMENT GRADE CREDENT CALLED GOOGLE AND WHERE INPUT IS THE GRID. I THINK IT'S A GREAT IDEA. I THOUGHT IT WAS A GREATE IDEA AND I THANK YOU VERY MUCH FOR THAT. I DON'T UNDERSTAND THAT. LET ME PLAY DEVIL'S ADVOCATE WHEN IT COMES TO THE PSYCHOLOGY OF THE MARKETS WHICH NOBODY SHOULD SAY THAT THEY TRULY UNDERSTEAD BECAUSE IT IS A HUGE VOTING MACHINE BUT YOU HAVE A MAJOR CUSTOMER COMMITMENT FROM ANTHROPIC. IT'S 20-YEAR DEAL WITH ABOUT 19 BILLION CONTRACTED REVENUE BUT ANTHROPIC, THERE WAS A LEAK OF ITS S-1 FILING. THEY HAVE CUSTODY CONCENTRATION. INVESTMENT-GRADED CREDIT BACKSTOP. WE HAVE A GREAT PLACE TO BUILD A DATA CENTER FOR OUR CUSTOMERS AND WHAT ABOUT YOUR CUSTUMER CONCENTRATION? SO MY CUSTMER CONCENTER CONCETRATION, FIRST OF ALL, THANK YOU FOR MENTIONING THE HAWSVILLE DEAL IN KENTUCKY. IT'S A FANTASTIC CONTRACT FOR US. GREAT PLEASE TO BUY THE DATA CENER. ANTHROPICS SIGNED UP FOR IT. OUR DEBT, WHEN WE RAISE IT, WILL HAVE AN INVENTMENT GRADE CREDIT BACKSTOPS. SURE. WE HAVE AN ABSOLUTE SO THAT ENABLES US TO RAISE DEBT, EVEN IN MARKETS LIKE THIS, AT VERY COMPETITIVE VALUE. PAUL, WE'RE WATCHING TARA WOLF. IT'S A FASCINATING TIME IN THE HISTORY OF ALL THAT YOU'VE BEEN DOING FOR DECADES NOW. SO THANK YOU FOR JOINING US. THANKS FOR HAVING ME. PAUL PRAGER.