On July 24, TeraWulf Inc. fell 5.04% in regular trading, trading at $19.05/share, with turnover of $111 million. The stock gave back a portion of its recent recovery gains after rallying approximately 5% on each of the preceding three trading sessions.
The pullback follows a volatile period triggered by TeraWulf's announcement of a 20-year lease agreement with Anthropic for its Justified Data Campus in Kentucky, with estimated contract revenue of approximately $19 billion over the full lease term and capacity for roughly 401MW of critical IT load. The stock surged to $22.7 on July 8 on the news, then retreated more than 22% through July 17, before entering a recovery phase that pushed shares back above $20 by July 23.
Within the Application Software sector, peer AI infrastructure stock IREN declined 6.07% and Strategy fell 3.28%, while SAP rose 7.42% and Salesforce gained 3.22%. Multiple analysts maintain Buy ratings on TeraWulf with target prices ranging from $28 to $42, significantly above current levels. The company is scheduled to report next quarter earnings on August 5.
(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.)