On July 23, TeraWulf Inc. rose 5.16% in regular trading, trading at $20.49/share, with turnover of approximately $59.49 million. The stock continues its multi-day rebound trajectory, recovering from a steep prior pullback.

The rally is driven by ongoing valuation repair following the company's signing of a 20-year lease agreement with Anthropic for its Justified Data Campus in Kentucky. The deal is expected to generate approximately $19 billion in contract revenue over its full term, with the campus accommodating roughly 401MW of critical IT load. The stock initially surged to $22.7 on July 8 when the agreement was announced, but subsequently retreated over 22% through July 17, establishing the oversold condition now being corrected.

Multiple institutions maintain buy ratings on the stock, with target prices ranging from $28 to $42, significantly above the current trading level. BofA Securities initiated coverage at Buy with a $34 target, Bernstein at Outperform with a $36 target, and Morgan Stanley maintains an Overweight rating with a $42 target, collectively supporting the ongoing recovery thesis.

(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.)