TeraWulf Soars On $19 Billion Anthropic AI Infrastructure Deal

TeraWulf Inc. (NASDAQ:WULF) shares are trading higher on Monday as the company has disclosed significant developments in its strategy to expand its AI infrastructure.

TeraWulf signed a 20-year lease with Anthropic for its Justified Data campus in Hawesville, Kentucky. The project will deliver approximately 401 MW of critical IT capacity in phases, with initial operations expected in the second half of 2027 and full capacity by early 2028.

The agreement is expected to generate approximately $19 billion in contracted lease revenue over its initial term and is backed by anticipated investment-grade credit support.

Separately, TeraWulf is selling its 50.1% stake in the Abernathy Joint Venture, monetizing an investment of about $450 million at a premium.

WULF Technical Outlook: Trend, RSI And Key Levels

The stock’s movement aligns with the overall strength in the Technology sector, which is currently the best performing sector today, gaining 2.7%. This positive momentum is likely bolstered by the company’s strategic moves, enhancing its revenue visibility and financial position.

TeraWulf’s current price of $23.56 is situated 7.1% below its 20-day simple moving average (SMA) of $25.89, indicating a short-term bearish trend. The stock is, however, 17.9% above its 100-day SMA of $20.41, suggesting a stronger long-term bullish trend.

The Relative Strength Index (RSI) currently sits at 46.19, indicating a neutral momentum phase. This suggests that the stock is neither overbought nor oversold, providing room for potential upward movement if positive sentiment continues.

• Key Resistance: $26.00 — a nearby level where rebounds can stall, aligning with the 50-day SMA.
• Key Support: $19.50 — a level where buyers previously stepped in, providing a safety net for the stock.

WULF Outperforms The Technology Sector

TeraWulf is outperforming its sector. The company’s stock price rose 11.22%, compared with the Technology sector’s 2.7% gain. This performance places the technology sector at the top of the rankings among all sectors today, reflecting strong investor interest in tech-related stocks.

Over the past 30 days, the Technology sector has shown modest growth of 0.65%, while TeraWulf’s impressive 12-month performance stands at 399.79%. This divergence highlights TeraWulf’s potential as a leader within its sector, particularly as it capitalizes on the growing demand for AI infrastructure.

WULF Earnings Preview And Analyst Price Targets

TeraWulf’s common stock is slated to provide its next financial update on Aug. 7 (estimated).

• EPS Estimate: Loss of 19 cents (Down from Loss of 5 cents)
• Revenue Estimate: $47.99 million (Up from $47.64 million)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $31.60. Recent analyst moves include:

• Citigroup: Initiated with Buy (Target $36.00) (June 29)
• B of A Securities: Initiated with Buy (Target $34.00) (June 15)
• B. Riley Securities: Buy (Raises Target to $32.00) (May 27)

How TeraWulf Ranks On Momentum Versus The Market

Below is the Benzinga Edge scorecard for TeraWulf, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bullish (Score: 98.06) — Stock is outperforming the broader market.

The Verdict: TeraWulf’s Benzinga Edge signal reveals a strong momentum-driven story, indicating robust performance relative to the market. This positive momentum, combined with strategic moves in AI infrastructure, positions the company favorably for future growth.

WULF ETF Exposure: Funds With The Biggest Weighting

• Bitwise Crypto Industry Innovators ETF (NYSE:BITQ): 5.64% Weight
• VanEck Digital Transformation ETF (NASDAQ:DAPP): 5.50% Weight
• CoinShares Bitcoin Mining ETF (NASDAQ:WGMI): 9.97% Weight

Significance: Because WULF carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

WULF Stock Price Activity: TeraWulf shares were up 14.85% at $24.32 at the time of publication on Monday, according to Benzinga Pro data.

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