On July 8, TeraWulf rose 7.07% in regular trading, trading at $22.155/share, with turnover of $90.68 million. The stock rebounded sharply after plunging over 12% in the prior session.

On the news front, TeraWulf recently announced a 20-year lease agreement with AI research company Anthropic for its Justified Data Campus in Hawesville, Kentucky, with estimated lifecycle revenue of approximately $19 billion. Concurrently, the company sold its 50.1% majority stake in the Texas Abernathy joint venture to Fluidstack for approximately $450 million in cash proceeds. The market had initially reacted negatively to concerns over the substantial capital expenditure required to fulfill the agreement, triggering a steep selloff on July 7. Today's move represents a corrective rebound as investors reassess the long-term revenue visibility provided by the contract.

Multiple Wall Street firms maintain bullish coverage on TeraWulf, with Morgan Stanley holding an Overweight rating with a $42 price target, Bernstein at Outperform with a $36 target, and BofA Securities at Buy with a $34 target.

(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.)