WULF Stock Soars as AI Deals Unlock Billions in Revenue
TeraWulf Inc., a company that has transformed from a bitcoin miner to an AI-focused data center, saw its stock rally by 7.21% as optimistic coverage of its expansion fueled investor enthusiasm.
The Kentucky Public Service Commission approved up to 482 MW of power for the Justified Data Campus, paving the way for a potential $4.0-$4.5B AI and HPC build-out on a former Century Aluminum site.
A key driver behind WULF's share price increase is its 20-year lease with Anthropic for roughly 401 MW at its repurposed Kentucky smelter, which is tied to an estimated $19B in contracted revenue.
Analysts, including William Blair and Freedom Capital, have upgraded their ratings on TeraWulf, citing the company's potential as a leveraged power provider for hyperscale AI clients.