Why TeraWulf, IREN, and Other Data Center Stocks Jumped Today
Yahoo Finance ·
Shares of TeraWulf ( WULF +4.84% ) rose on Monday after the digital infrastructure developer struck a blockbuster deal with leading artificial intelligence ( AI ) model maker Anthropic. IREN 's ( IREN +12.89% ) shares were likewise up sharply, on reports that the data center operator could also be about to sign a lucrative computing capacity agreement with the AI giant. TeraWulf signed a 20-year lease with Anthropic at its Justified Data campus in Kentucky. The project is projected to go online in the second half of 2027 and ramp up to 401 megawatts of computing power by early 2028. The deal is forecast to produce a whopping $19 billion in contracted revenue. "The Anthropic lease validates our strategy and establishes a long-duration revenue stream with one of the world's leading AI companies," TeraWulf CEO Paul Prager said in a press release.
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