Bernstein maintained its Outperform rating and $36 price target on TeraWulf after the company signed a $19 billion, 20-year lease agreement with Anthropic.
According to NS3.AI, the lease covers 401 megawatts of IT load at TeraWulf’s Justified Data campus in Hawesville, Kentucky.
Bernstein said the agreement lifts TeraWulf’s AI orderbook to roughly $27 billion in contracted revenue.
AI TRENDS | Bernstein Maintains TeraWulf Outperform Rating After $19 Billion Anthropic Lease Deal
2026-07-07 13:28:37
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