Key Highlights

  • TeraWulf (NASDAQ:WULF) fell 10.56% to USD 11.81 on 45,842,000 shares, with a market capitalization of USD 6.811 billion.
  • TeraWulf fell 10.56% to USD 11.81, within 13% of its USD 10.47 low, as neoclouds sold off after CoreWeave's bond yield spike and Cipher's USD 850 million convertible pricing.
  • It has a 20-year USD 19 billion Anthropic lease for 401 MW in Kentucky starting in the second half of 2027 and an AI order book near USD 27 billion.
  • Volume of 45.8 million shares was 1.47 times average, the market value is USD 6.811 billion and the stock is 54% below its USD 25.84 high.

Catalyst and Latest Updates

TeraWulf fell 10.56% to USD 11.81 on October 14 on volume of 45.8 million shares, 1.47 times average, as debt-funded AI infrastructure names sold off. CoreWeave fell 13% as its bond yields spiked toward 15% and Elon Musk replied 'Yikes' to a warning about them, which hit debt-funded AI infrastructure names. TeraWulf's 20-year USD 19 billion Anthropic lease covers 401 MW at its Kentucky campus with delivery starting in the second half of 2027, and its AI order book is near USD 27 billion.

Volume, Data and Context

Cash was about USD 2.62 billion at the last report, which limits near-term funding pressure but leaves the stock sensitive to buildout costs. The stock is about 54% below its 52-week high of USD 25.84 and 13% above its low of USD 10.47, simple arithmetic. September CPI came in hotter than expected, the 10-year Treasury yield rose to about 5.28% and the 30-year to about 5.59%, and investors worried the Fed could raise rates again on October 27 and 28. The listed change implies a prior close of about USD 13.21, so the day's move is about USD 1.40 a share. The price is 13% above its 52-week low of USD 10.47 and 54.3% below its high of USD 25.84. Volume of 45,842,000 shares compares with a three-month average of 31,097,000, or 1.47 times, and several volume figures on this screen match prior-session reports, so treat the column as partly carried over; the stock has a market capitalization of USD 6.811 billion and no P/E because earnings are negative or not shown.

Risks and What to Watch

Delivery does not begin until 2027, so the stock is highly sensitive to financing and AI buildout sentiment. What to watch next: financing announcements, construction progress and credit support on the lease. This is information only and not investment advice. September CPI came in hotter than expected, the 10-year Treasury yield rose to about 5.28% and the 30-year to about 5.59%, and investors worry the Fed could raise rates on October 27 and 28. China's CXMT said it made progress on a 4F-squared memory cell, the Kospi fell 5.5% on October 13 and the Philadelphia Semiconductor Index logged a fifth straight decline to a four-week low.

Where Things Stand

Heavy trading is concentrated in chips, AI infrastructure, miners and rate-sensitive financials, with hot inflation data and funding worries weighing on the tape. TeraWulf (NASDAQ:WULF) is moving with funding fears across AI infrastructure names. A one-day drop in a heavily traded name can reverse or extend, so the balance of evidence favors waiting for confirmation from filings and the next session. Direction remains unknown, and the next catalyst is financing announcements, construction progress and credit support on the lease. Check the underlying filings first, verify the latest filings before acting, and treat the figures as a snapshot, since volume reflects an unfinished session.