Why TeraWulf Inc. (WULF) Stock Rose 14.5% on Nov 3, 2026
The clearest new catalyst: Anthropic 20-year lease agreement.
Why did WULF stock rise?
TeraWulf surged 14.5% on November 3, 2026, following announcement of a landmark 20-year data center lease agreement with Anthropic for approximately 401 MW of critical IT load at its Justified Data campus in Hawesville, Kentucky. Compass Point raised its price target to $40 from $28, citing the transformational nature of the deal. The move also reflected a rebound in AI data center stocks after the prior day's sector selloff triggered by Cipher Digital's revenue miss and analyst downgrades.
- Anthropic 20-year lease agreement: TeraWulf announced a major 20-year data center lease with Anthropic for approximately 401 MW of critical IT load at the Hawesville, Kentucky campus, representing a significant institutional AI infrastructure partnership.
- Compass Point price-target upgrade: Compass Point raised its price target on WULF to $40 from $28 while maintaining a Buy rating, reflecting confidence in the Anthropic deal's strategic value.
- Sector rebound after prior-day selloff: AI data center stocks, including TeraWulf, rebounded on November 3 following November 2's valuation reset in the sector, which had been driven by Cipher Digital's revenue miss and analyst price-target cuts.
Initial detection
BestStocks first flagged WULF intraday on Nov 3, 2026; this analysis was finalized after the close using the confirmed +14.5% session move and additional catalyst research.
Show the initial intraday note
TeraWulf rallied 12.29% to $12.29 as AI data center stocks rebounded after a sector selloff. According to 247wallst.com, former bitcoin miners turned AI hosting companies—including TeraWulf, Cipher Digital, and IREN—surged following a prior-day valuation reset driven by Cipher Digital's revenue miss and analyst price-target cuts on November 2. Volume of 24.5M shares ran 1.05x normal for this stage of the session.
What to watch next: TeraWulf earnings release on November 6, 2026 (date to be confirmed); monitor whether the AI data center rebound sustains or faces fresh headwinds from guidance or competitor results.
Frequently asked questions
Why did TeraWulf Inc. (WULF) stock rise on Nov 3, 2026?
TeraWulf surged 14.5% on November 3, 2026, following announcement of a landmark 20-year data center lease agreement with Anthropic for approximately 401 MW of critical IT load at its Justified Data campus in Hawesville, Kentucky. Compass Point raised its price target to $40 from $28, citing the transformational nature of the deal. The move also reflected a rebound in AI data center stocks after the prior day's sector selloff triggered by Cipher Digital's revenue miss and analyst downgrades.
How much did WULF stock rise on Nov 3, 2026?
WULF rose 14.5% during the Nov 3, 2026 trading session.
What were the main drivers behind WULF's move?
Anthropic 20-year lease agreement; Compass Point price-target upgrade; Sector rebound after prior-day selloff.