On September 3, TeraWulf Inc. rose 5.06% in regular trading, trading at $15.585/share, with turnover of $99.16 million. The stock rebounded sharply after consecutive sessions of selling pressure, driven by a broad recovery across the crypto and AI computing sector.

On the news front, the previously battered sector staged a collective rebound, with peers Strategy surging 10.29%, Circle Internet rising 12.04%, and BitMine Immersion climbing 9.87%, reflecting a notable improvement in sector sentiment. On the institutional side, William Blair recently initiated coverage of TeraWulf Inc. with an Outperform rating and a $31 price target, while Morgan Stanley maintained its Overweight rating and B. Riley raised its target to $40. The analyst consensus target stands at approximately $36.61, well above the current trading price.

Fundamentally, the company secured Kentucky regulatory approval for up to 482 MW of electric service for its data campus and signed a landmark 20-year data center lease agreement with Anthropic valued at approximately $19 billion. However, Q2 results showed a per-share loss of $1.94, significantly wider than the $0.22 consensus estimate, suggesting near-term earnings pressure persists.

(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.)