WULF Stock Surges as Anthropic Deal Reignites Bullish Sentiment

TeraWulf Inc., trading under NASDAQ: WULF, is experiencing a bullish sentiment driven by its expanded bitcoin mining capacity and a major deal with Anthropic. The company's stock has risen by 3.08 percent as analysts estimate the total contract value of the 20-year lease at ~$19-33B.

The lease agreement is expected to bring in about $19B in contracted revenue, while the sale of WULF's 50.1% stake in the Abernathy joint venture has unlocked roughly $450M for reinvestment into wholly owned AI campuses. TeraWulf aims to control power-secured, scalable sites like Lake Mariner and the gigawatt-scale Muskie Data Campus.

Analysts from B. Riley to Chardan and Needham largely back WULF's shift towards long-duration AI/HPC infrastructure, with consensus targets well above its current trading price. However, execution risks remain as the company spends heavily on capital expenditures and free cash flow is deep in the red.