Shares of data center companies IREN, TeraWulf, and Core Scientific dropped between 5% and 7%, significantly underperforming their sector fund amid rising borrowing costs. These companies are still raising capital to build AI-focused data center capacity, making them more vulnerable to higher financing expenses compared to operators with existing revenue streams. IREN, which is expanding its Sweetwater campus in Texas, faces dilution risks if it raises equity to fund growth. Investors should watch for new contracts that convert planned capacity into revenue and monitor borrowing cost trends that could impact these stocks' recovery.
IREN, TeraWulf, and Core Scientific shares are down sharply, matching the article's reported falls. On Pluang as of Oct 08, 2026 00:13 WIB, TeraWulf is priced at USD 14.21, down 5.08%, while Core Scientific trades at USD 15.78, down 5.40%. The Global X Data Center & Digital Infra ETF is more stable, down only 0.29% at USD 27.70, showing less sector-wide pressure.
Applied Digital's stock rose 3% following a new agreement securing access to up to 1 gigawatt of power capacity in Finland, marking its first data center development outside the U.S. This deal positions the company to expand internationally while lim...
TeraWulf's stock dropped 5% after the company doubled its power contract to 1 gigawatt at its Muskie AI data center campus in Kentucky. The expansion, which also accelerates the second phase of the project, depends on regulatory approval and is years...
Kentucky Power has amended its agreement with TeraWulf to double the contracted electric demand from 500 MW to 1 GW at the Muskie Data campus in Kentucky. If approved, this deal will provide $100 million in winter bill credits to residential customer...
