On July 21, TeraWulf rose 5.2% in regular trading, trading at $19.845/share, with turnover of $153 million. The stock extended its rebound from the prior session, continuing to recover from a steep pullback.

On the news front, the company previously signed a 20-year lease agreement with Anthropic for its Justified Data Campus in Kentucky, with expected contract revenue of approximately $19 billion over the initial lease term. The campus can accommodate roughly 401MW of critical IT load. The stock surged to $22.7 on July 8 following the announcement but subsequently retreated over 22% through July 17, placing it in a valuation recovery phase.

Multiple institutions maintain buy ratings on the stock, with target prices ranging from $28 to $42, significantly above the current trading level. Notable coverage includes Morgan Stanley at $42 with an Overweight rating, Bernstein at $36 with Outperform, BofA Securities at $34 with Buy, and Jefferies at $28 with Buy. The broader AI infrastructure sector also showed strength, with peers IREN and Hut 8 posting notable gains in recent sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)