TeraWulf Stock Rallies on Key Approval and Anthropic Lease

TeraWulf Inc. stocks have been trading up by 4.15 percent after bullish sentiment on its expanding Bitcoin mining capacity.

The company secured Kentucky Public Service Commission approval for an electric service agreement supporting up to 482 MW of power, a critical hurdle for its flagship AI infrastructure project, the Justified Data Campus.

A 20-year, roughly 401 MW critical IT lease with Anthropic, with options to extend up to 10 more years, has also been locked down, with contracted revenue estimated at $19B and expected investment-grade credit quality.

Major firms including Wells Fargo, UBS, Freedom Capital, and Jones have launched bullish coverage on WULF with price targets from $19 to $30 and a consensus in the mid-$30s.