Why Is TeraWulf Trending Wednesday?

TeraWulf Inc. (NASDAQ:WULF) shares are in the spotlight Wednesday after the company announced Google credit support for the project financing behind its roughly $19 billion of Anthropic lease commitments and a definitive construction agreement with Fluor, with earnings due Friday.

• TeraWulf stock is trading near recent lows. What should traders watch with WULF?

TeraWulf Secures Google Credit Support for Financing Behind $19B in Anthropic Leases

TeraWulf executed credit support agreements with Google LLC, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL), in connection with debt financing for about $19 billion of contracted lease commitments with Anthropic at its Justified Data Campus in Hawesville, Kentucky. Under the agreements, Google provides contractual credit support for the anticipated debt financing. Alphabet’s senior unsecured debt is rated AA+ by S&P Global Ratings and Aa2 by Moody’s. TeraWulf said the support strengthens its ability to pursue competitive long-term project financing.

"Cost of capital is fundamental to infrastructure development," said Patrick Fleury, TeraWulf’s chief financial officer.

TeraWulf Signs Definitive Construction Deal for Three Data Center Buildings

TeraWulf also executed a definitive engineering, procurement and construction agreement with Fluor Enterprises on a guaranteed-maximum-price basis for three data center buildings at the Justified campus, building on a limited notice to proceed announced in March.

The agreement expands Fluor’s role to include engineering, procurement, construction, testing and commissioning, with defined delivery milestones, open-book cost reporting and performance protections. Guaranteed maximum pricing is still being established as engineering and procurement progress. Under the milestone schedule, phased ready-for-service completions are expected to begin in late 2027 and continue through the second quarter of 2028.

TeraWulf to Report Third-Quarter Results Friday

TeraWulf is scheduled to report third-quarter earnings Friday, Nov. 6, before the market opens, with a call at 8 a.m. ET. Analysts estimate a loss of about 19 cents per share along with revenue of $61.79 million. For the prior quarter, TeraWulf reported a loss of $1.94 per share, missing the consensus estimate of a loss of 23 cents. The company also posted revenue of $44.77 million, missing the consensus estimate of $46.39 million.

TeraWulf Shares Edge Lower

WULF Price Action: At the time of publication, TeraWulf shares are trading 2.47% lower at $12.22, according to data from Benzinga Pro.

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