TeraWulf Stock Jumps on AI Infrastructure Deals and Wall Street Support

TeraWulf Inc.'s stock price has surged by 4.74% as investors become increasingly optimistic about its Bitcoin mining expansion strategy.

The company's pivot from high-beta bitcoin mining to contracted AI and high-performance computing infrastructure is a key factor driving the uptrend, according to analysts.

A recent deal with Anthropic for a 20-year lease of roughly 401 MW has been estimated to be tied to an $19B contracted revenue stream, making WULF a leveraged play on hyperscale AI demand rather than crypto pricing.

Wall Street is also backing this shift, with analysts from William Blair and Freedom Capital initiating coverage with positive ratings and price targets ranging from $19 to $31.