On July 20, TeraWulf rose 5.23% in regular trading, trading at $19.43/share, with turnover of $71.18 million. The stock is exhibiting a recovery pattern after a steep pullback from its July 8 high of $22.7, when the Anthropic lease announcement initially drove a 12% surge.

On the news front, TeraWulf previously signed a 20-year lease agreement with Anthropic for its Justified Data Campus in Hawesville, Kentucky, with estimated full-cycle contract revenue of approximately $19 billion. The campus is designed to support roughly 401MW of critical IT load, though initial capacity delivery is not expected until H2 2027. Multiple institutions maintain buy ratings with target prices ranging from $28 to $42, significantly above the current trading level.

Within the Application Software sector, AI infrastructure names rallied broadly, with IREN Ltd up 14.5% and Hut 8 Mining up 13.03%, providing sector-wide momentum. The stock had previously declined over 22% from its post-announcement peak through July 17, setting up conditions for the current technical rebound.

(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.)