Shares of digital power companies like TeraWulf, IREN, and Cipher Digital rose sharply as they convert former crypto mining facilities into AI data centers. TeraWulf leads with a 7% increase, driven by a key long-term lease with AI developer Anthropic in Kentucky. This shift highlights growing demand for AI infrastructure but also poses financing and construction challenges for TeraWulf. Investors will watch closely for progress on the Kentucky campus and financing plans to gauge future stock performance.
Following the surge in digital power stocks tied to AI infrastructure, TeraWulf shares on Pluang are up 5.50% at USD 15.73 as of Oct 02, 2026 22:11 WIB, slightly below the article's 7% rise. Iris Energy Limited (IREN) also shows gains with a 3.81% increase to USD 42.20, while Cipher Mining (CIFR) is up 2.78% at USD 15.89. These moves reflect active buying interest, with TeraWulf seeing 94% buy orders on the platform.
Cipher Digital extended its Barber Lake data center lease in Texas from 10 to 20 years, boosting contracted revenue to over $9 billion. Despite this, the stock dropped 3% as investors questioned the timing amid rising costs and execution risks. The c...
Applied Digital's stock dropped 6% despite Jones Trading initiating coverage with a $70 Buy rating, reflecting broader selling pressure on data center operators like TeraWulf and Core Scientific, which also fell 4%. The decline is driven by rising in...
