Stock Market Update

[BRIEFING.COM] The major averages continue to trade in a mostly higher fashion just after midday.

TeraWulf (WULF 23.62, +2.44, +11.50%) trades sharply higher after executing a 20-year lease agreement with Anthropic at its Justified Data campus in Hawesville, Kentucky. The lease is expected to generate approximately $19 billion of contracted revenue over the initial lease term. Separately, TeraWulf has entered into a definitive agreement to sell its 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by its joint venture partner, Fluidstack. The transaction monetizes TeraWulf's approximately $450 million investment at a premium to invested capital, unlocking significant capital for redeployment into wholly owned AI infrastructure opportunities.

Collectively, the transactions enhance TeraWulf's long-term revenue visibility, strengthen its financial position, and further align the Company's capital with infrastructure platforms where it maintains direct ownership, customer relationships, and operational control.