On July 23, TeraWulf Inc. rose 5.18% in after-hours trading, trading at $20.58/share, with turnover of $52.89 million. The stock continued its multi-day rebound trajectory, further recovering from a steep prior 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 full lease term. The campus is designed to support approximately 401MW of critical IT load. The stock surged to $22.7 on July 8 following the announcement but subsequently pulled back more than 22% through July 17, entering a technical oversold zone from which it has been recovering.

Multiple institutions maintain buy ratings on the stock, with target prices ranging from $28 to $42, significantly above current levels. Morgan Stanley holds an Overweight rating with a $42 target, while BofA Securities and Bernstein have initiated coverage at Buy and Outperform with targets of $34 and $36, respectively. The broader AI infrastructure sector has also shown renewed momentum, providing additional tailwinds for the recovery.

(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.)