WULF Stock Climbs on Massive Anthropic Lease Deal

TeraWulf Inc. stock has been trading up by 3.37 percent amid bullish sentiment on its expanding Bitcoin mining capacity.

The company's pivot towards long-duration AI and high-performance computing infrastructure is gaining traction, with a massive Anthropic lease deal expected to generate about $19B in contracted revenue over the next 20 years.

Kentucky regulators have approved up to 482 MW of power for the Justified Data Campus, supporting a potential $4.0, $4.5B AI/HPC build-out on the former Century Aluminum site.

Analysts remain broadly positive on WULF, with multiple Buy/Overweight/Outperform ratings and targets in the mid-$30s range, despite some firms trimming targets due to valuation adjustments.