TeraWulf shares jump 7% as CEO denies stranded data center fears, citing secured financing and tenants.

TeraWulf's CEO Paul Prager dismissed concerns that its unfinished AI data centers could become stranded assets, emphasizing a financing-first approach with secured power, fixed-price contracts, and long-term tenants before construction. This reassurance lifted TeraWulf shares by 7%, though the stock remains down 26% over the past month. Competitors Cipher Digital and Applied Digital also saw modest gains. The key test for TeraWulf will be maintaining project schedules and tenant occupancy amid broader AI data center funding challenges.

TeraWulf shares are up 7.86% at USD 12.21 as of Oct 26, 2026 23:11 WIB on Pluang, reflecting strong investor interest following the CEO's comments. Cipher Digital shows a smaller gain of 0.88% at USD 8.01, while Applied Digital edges up 1.04% to USD 18.44. These moves come amid ongoing challenges in AI data center funding and project execution.