On September 17, TeraWulf Inc. rose 8.51% in regular trading, trading at $16.31 USD/share, with turnover of $97.54 million on notably elevated volume compared to prior sessions.
On the news front, the rebound was primarily fueled by the company's previously announced 20-year data center lease agreement with Anthropic, alongside the Kentucky Public Service Commission's approval of a retail electric service agreement supporting up to 482 megawatts of electric service for its data campus in Hancock County, Kentucky. Under that agreement, TeraWulf is responsible for market, transmission, delivery, and other costs associated with its electricity use, as well as infrastructure-related expenditures and financial guarantees.
The stock had pulled back more than 12% over the prior two trading sessions, declining 7.77% and 5.11% respectively, setting the stage for the current rebound. TeraWulf Inc. is a vertically integrated owner, developer, and operator of U.S. digital infrastructure assets, having strategically pivoted to HPC hosting as its primary business, with capital allocation focused on AI-driven computing workload infrastructure.
(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.)
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