WULF Stock Surges As Anthropic Deal Transforms AI Data Center Story

TeraWulf Inc. (WULF) stock surged by 6.72% following news of a 20-year lease with Anthropic at its Kentucky data campus, projected to generate $19 billion in contracted revenue. This deal, along with the sale of its Abernathy, Texas JV stake for $450 million to reinvest in wholly-owned AI campuses, is transforming WULF's narrative from a Bitcoin miner to an AI infrastructure play. Wall Street firms have significantly boosted ratings and price targets, indicating strong confidence in WULF's pivot towards long-duration contracted AI revenues despite its current financial volatility and high debt.