TeraWulf's stock dropped 4% even after Google guaranteed $19 billion in long-term leases for Anthropic at TeraWulf's Kentucky AI data center campus. The guarantee activates only after construction completes, leaving funding risks during building. Competitors like Cipher Digital and IREN fell harder amid investor concerns over financing AI data center expansions. TeraWulf's upcoming Q3 earnings report will be closely watched for clarity on funding plans before Google's support begins.
Despite Google's $19 billion lease guarantee for Anthropic at TeraWulf's AI data center, TeraWulf shares fell 5.51% to USD 11.84 on Pluang as of Nov 05, 2026 01:11 WIB, reflecting investor caution before construction completion. Meanwhile, competitors Cipher Mining and Iris Energy saw sharper declines, with Cipher down 21.06% at USD 6.41 and Iris Energy dropping 10.83% to USD 21.81 on Pluang. This trading activity highlights ongoing concerns about funding risks in the AI data center sector.
TeraWulf has secured credit support from Google to back debt financing for its $19 billion AI infrastructure lease with Anthropic at its Kentucky data campus. The company also signed a definitive engineering, procurement, and construction agreement w...
AI data center stocks, including Cipher Digital, IREN, and TeraWulf, saw sharp gains after recent selloffs, with Cipher Digital rising 11%. Despite the rebound, Cipher Digital reported a Q3 revenue miss driven by shrinking bitcoin mining income and c...
Cipher Digital's stock fell 5% following a Q3 2026 revenue miss and a significant price target cut from $28 to $11 by Keefe Bruyette amid a sector-wide valuation reset. The company, transitioning from Bitcoin mining to AI hosting, faces challenges in...
Cipher Digital and TeraWulf are recommended as BUY because they have stronger balance sheets and more available capacity compared to CoreWave. CoreWave, despite its larger scale and high revenue growth, faces higher debt leverage and liquidity challe...
