On July 17, TeraWulf fell 5.84% in regular trading, trading at $17.79/share, with turnover of $149 million. The stock has now retreated over 22% from its July 8 peak of $22.7, when shares surged on the Anthropic lease announcement.
On the news front, TeraWulf previously announced a 20-year lease agreement with Anthropic for its Justified Data Campus in Hawesville, Kentucky, with estimated contract revenue of approximately $190 billion over the full term. The campus can accommodate approximately 401MW of critical IT load, but the first batch of capacity is not expected to be delivered until H2 2027, raising near-term uncertainty about revenue realization timing.
Broader sector weakness also weighed on shares. Within the Application Software sector, Cadence Design fell 9.9%, Synopsys dropped 9.66%, and Palantir declined 2.58%, reflecting subdued industry sentiment that added further downward pressure on TeraWulf.
(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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