TeraWulf Inc. Soars on Long-Term Contracts and AI Pivot

TeraWulf Inc.'s stock is trading higher by 3.08% due to growing optimism surrounding its expanding bitcoin mining capacity.

The company recently secured a 20-year lease with Anthropic at its Justified Data campus, which is expected to generate approximately $19B in contracted revenue.

This long-term contract value range for the Anthropic deal is estimated between $19B and $33B. Additionally, TeraWulf Inc.'s Q2 2026 update highlights an even bigger contract value range.

Major Wall Street firms have maintained 'Buy' ratings on WULF, with targets mostly in the low-to-high $30s, including a high call at $40.