On July 30, TeraWulf Inc. rose 5.17% in pre-market trading, trading at $15.87/share, with turnover of $988,600. The stock showed signs of an oversold recovery following a prolonged retreat from recent highs.

The rebound comes after TeraWulf pulled back more than 28% from its July 8 high of $22.70, which was reached following the announcement of a 20-year lease agreement with Anthropic for its Justified Data campus in Kentucky, expected to generate approximately $19 billion in contract revenue over the initial lease term. Multiple institutions maintain buy ratings with target prices significantly above the current level, including Chardan at $32, Bernstein at $36, BofA Securities at $34, and a FactSet consensus target of $38.11.

Market sentiment remains cautious ahead of the upcoming earnings release on August 5, with consensus estimates projecting quarterly revenue of $46.39 million and adjusted EPS of -$0.23, reflecting continued near-term profitability pressure despite the transformative long-term contract secured with Anthropic.

(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.)