TeraWulf Stock Surges on AI Power Deal and Bullish Wall Street Targets
TeraWulf Inc.'s stock has surged by 7.08% following news of its expanding bitcoin mining operations and a significant AI power deal.
The company's shares have been trading in the mid-teens, with recent daily closes clustering between $14.50 and $17.50. The latest close near $16.48 reflects a modest grind higher after a sharp dip toward $14.49 on September 15, showing active dip-buying each time WULF flushes.
The key driver behind this movement is the company's recent agreement with Kentucky regulators to clear a 482 MW power deal for its Justified Data Campus, unlocking large-scale AI and high-performance computing expansion while placing power and market risks squarely on TeraWulf.