KBW noted Anthropic's capacity agreement with AMD. The AI company's international data-center lease discussions could also drive new business to TeraWulf. The note stated hardware providers are expected to continue credit support for direct leases with TeraWulf and Riot Platforms.
TeraWulf CEO Paul Prager outlined the company's strategy. This strategy involves securing power, contracts, tenants, and financing before starting construction on AI data centers.
TeraWulf's stock increased 5% at market open on October 27, 2026. This occurred amid a broader rebound in AI infrastructure stocks.