TeraWulf Stock Surges on Anthropic Deal and Kentucky Power Approval

TeraWulf Inc.'s stock has been trading up by 3.37 percent due to bullish sentiment around its expanding bitcoin mining capacity.

The company's 20-year lease with Anthropic at the Justified Data Campus is expected to generate about $19B in contracted revenue and is framed as potentially $19, $33B in total contract value.

The Kentucky Public Service Commission approved up to 482 MW of power for the Justified Data Campus, enabling an estimated $4.0, $4.5B AI/HPC build-out on the former Century Aluminum site.