On July 20, TeraWulf rose 5.07% in pre-market trading, trading at $19.04/share, with turnover of $3.82 million. The stock is showing recovery after a steep pullback from its July 8 high of $22.7, where it surged on the announcement of a landmark lease agreement with Anthropic.

On the news front, TeraWulf previously signed a 20-year lease agreement with Anthropic for its Justified Data Campus in Hawesville, Kentucky, with estimated contract revenue of approximately $19 billion over the full lease term. The facility is designed to accommodate around 401MW of critical IT load, though the first batch of capacity is not expected to be delivered until the second half of 2027. Following the initial surge, the stock experienced a cumulative pullback exceeding 22% through July 17, and the current movement represents a technical rebound.

Multiple institutions maintain Buy ratings on TeraWulf, with price targets ranging from $28 to $42, significantly above the current trading level, providing fundamental support for valuation 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.)