TeraWulf Stock Soars on Kentucky Power Deal and AI Buildout Plans

TeraWulf Inc., a leading bitcoin miner and AI power provider, saw its stock rally by 7.47% after receiving bullish coverage from analysts. The company's expanding Bitcoin mining operations and potential $4.0-$4.5B AI/HPC buildout in Kentucky have sparked interest among traders.

The key driver behind WULF's recent price movement is the approval of up to 482 MW of power for TeraWulf's Justified Data Campus, which will support a major AI and high-performance computing campus. This deal shifts significant power and infrastructure risks onto the company, but it also presents an opportunity for growth.

Analysts at William Blair initiated coverage with an Outperform rating and $31 fair value, while Freedom Capital started WULF with a Buy rating and $19 target, arguing for a valuation floor near $14 per share. The sector commentary highlights TeraWulf as a leading case of bitcoin miners pivoting power-rich sites into AI and high-performance computing capacity.

While the numbers remind traders that WULF is burning cash and running high leverage, the recent momentum suggests that the company's efforts to turn old-school power assets into next-gen AI infrastructure are paying off. Traders should be cautious of regulatory risks and potential market fluctuations, but the current trend indicates a promising future for TeraWulf.