TradingKey – TeraWulf (NASDAQ: WULF) is currently trading at $23.01, which remains consistent with the downtrend in its chart as it stays in a descending channel since its 52 week high of $29.84, after its random 3 session day swing.

On July 6, the stock moved higher by 13% on news of a 20-year capacity lease deal with Anthropic at TeraWulf’s Justified Data Campus in Hawesville, Ky. which is expected to generate revenues of about $19 billion over the length of the lease. It later dropped by 8.87% on July 7 but moved higher by 12.8% on July 8 when analyst Needham raised its target to $33 and analyst Rosenblatt upped its to $30 as the original concern of revenue not occurring until 2027 faded into the background as the revenue from the…