On July 16, TeraWulf fell 5.68% in regular trading, trading at $18.53/share, with turnover of $135 million. The stock has now declined sharply from its post-Anthropic announcement high of $22.70, shedding approximately 18% over the past week.

The continued selloff comes as investors weigh the capital intensity of TeraWulf's expansion plans. The company recently announced it is preparing to raise approximately $3.5 billion in debt — through a combination of leveraged loans and high-yield bonds — to fund construction of its Justified Data campus in Kentucky, where Anthropic signed a 20-year lease expected to generate roughly $19 billion in contract revenue. Morgan Stanley is expected to serve as lead arranger. The aggressive leverage strategy appears to be pressuring shares despite the landmark customer commitment.

Multiple analysts maintain bullish ratings on the stock, with price targets ranging from $28 to $42, well above current levels. However, near-term sentiment remains weak amid insider share dispositions and broader sector softness, with peers including IREN Ltd down 5.15% in the session.

(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.)