\u201cI think the demand for power is significant. You could create all the disruption in technology, manufacture more silicon and chips. You just cannot create overnight Megawatts,\u201d said Prager.\u00a0<\/p>\n
According to Prager, TeraWulf’s facilities offer the level of reliability and redundancy required for advanced AI workloads, positioning the company to benefit as demand continues to rise.<\/p>\n
\u201cThe demand is very significant, and the evolution of the space is worth a tip of the iceberg here. Every enterprise on this planet at some point is gonna want to access\u00a0 HPC and AI. They all can’t afford to build their own data centers like the hyperscalers, but they can afford to rent time or buy compute, so we are at the very beginning of that,\u201d added Prager.<\/p>\n
TeraWulf stock<\/a> traded more than 1% lower overnight ahead of Tuesday.\u00a0<\/p>\n Clear Street Backs TeraWulf\u2019s Anthropic Deal<\/p>\n Clear Street said the latest developments reinforce its positive outlook on TeraWulf’s business model, citing that the company continues to demonstrate its ability to monetize its multi-gigawatt development pipeline through long-term contracts with established customers.<\/p>\n The firm added that TeraWulf’s 20-year lease\u00a0agreement<\/a> with Anthropic at the Justified Data campus in Hawesville, Kentucky, is expected to provide stable, recurring revenue while supporting the company’s push into AI-focused digital infrastructure.<\/p>\n TeraWulf also disclosed the sale of its 50.1% ownership interest in the Abernathy joint venture to an investor group led by Fluidstack. Clear Street viewed the transaction as another step in executing the company’s plan of optimizing its asset portfolio and focusing on long-term value creation.<\/p>\n What WULF Retail Traders Are Saying\u00a0<\/p>\n On Stocktwits, retail sentiment around the stock jumped to \u2018extremely bullish\u2019 from \u2018neutraal\u2019 territory the previous day with a 3,391% surge in message volume over the last 24 hours.\u00a0<\/p>\n A user\u00a0said<\/a>, \u201cA 20-year lease with AI titan Anthropic locking in a massive $19B in contracted revenue completely changes the valuation game. By transitioning volatile crypto mining rewards into highly predictable AI\/HPC cloud infrastructure revenue, institutional risk profiles are completely flipped.\u201d<\/p>\n Another user\u00a0said<\/a>, \u201cHuge picture..the State of KY[Kentucky] agreeing to the Anthropic financed data center places huge pressure on other States (like NY) to accept similar terms. Lots of jobs, tax revenue for the States who want a data center\u201d.\u00a0<\/p>\n WULF stock has gained 93% year-to-date.\u00a0<\/p>\n Also See:\u00a0Why Is BABA Stock Rising In Overnight Trading?<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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