On October 2, TeraWulf Inc. rose 5.53% in regular trading, trading at $15.74/share, with turnover of approximately $55.74 million.
On the news front, AI leader Anthropic has been aggressively scaling its computing infrastructure, providing a tailwind for data center operators. Anthropic previously signed a 20-year data center lease with TeraWulf, with an initial contract valued at approximately $19 billion covering around 401 MW of load, set for phased deployment beginning in the second half of next year. Additionally, Anthropic is reportedly in preliminary talks to lease up to 1 GW of computing capacity from another developer, and its computing agreement with SpaceX could reach up to $84.5 billion. Anthropic projects at least $518 billion in AI infrastructure spending over the next decade.
TeraWulf has also secured regulatory approval from the Kentucky Public Service Commission for up to 482 MW of electric service at its Hancock County data campus, laying the groundwork for future capacity expansion to meet surging demand from hyperscale AI tenants.
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