On July 7, TeraWulf declined 5.4% in regular trading, trading at $19.54/share with turnover of $290 million, reversing a pre-market surge of over 17% earlier in the session.

On the news front, TeraWulf announced it has signed a 20-year lease agreement with AI research company Anthropic for its Justified Data campus in Hawesville, Kentucky. The custom-built AI data center will support approximately 401 MW of critical IT load, with initial capacity expected online in H2 2027 and full ramp-up by early 2028. The contract is projected to generate approximately $19 billion in lifecycle revenue, backed by investment-grade credit support.

Simultaneously, TeraWulf announced the sale of its 50.1% majority stake in the Texas-based Abernathy joint venture to a consortium led by AI cloud infrastructure provider Fluidstack, realizing a premium exit on its approximately $450 million investment. The company had previously completed a $900 million equity offering in April at $19.00/share to fund Kentucky data center construction, and acquired the Muskie Data Campus in May targeting over 1 GW of eventual capacity.

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