On July 7, TeraWulf (WULF) closed at $20.24, down 8.87%, after a midday pullback following premarket Anthropic lease news. The S&P 500 fell 0.45% to 7,503.85, and the Nasdaq Composite fell 1.16% to 25,818.69. TeraWulf’s 20-year agreement with Anthropic secures approximately $19 billion in expected lease revenue and 401 megawatts of planned critical IT load, with initial service scheduled for the second half of 2027 and full capacity targeted for early 2028. The Abernathy stake sale monetizes an approximately $450 million investment, reallocating capital to directly owned AI infrastructure projects. Investors are now focusing on construction, power delivery, funding, and project timing as the company aims to convert long-term AI demand into sustainable revenue.