Stock Market Today July 4: TeraWulf Jumps on Anthropic AI Deal

The stock market today, July 4, showed fresh appetite for companies bridging bitcoin mining and artificial intelligence infrastructure, with TeraWulf (NASDAQ:WULF) closing at $22.21, up 4.86 percent, after unveiling a 20 year lease deal with Anthropic and a lucrative sale of its stake in a Texas data center joint venture.

Bitcoin itself traded near $63,990, up 0.64 percent on the day, holding steady while mining and AI infrastructure stocks did the heavier lifting in Wednesday's session.

At a Glance

• TeraWulf shares rose 4.86 percent to close at $22.21
• Trading volume hit 73.3 million shares, about 135 percent above the three month average of 31.2 million
• New 20 year lease with Anthropic expected to generate roughly $19 billion in contracted revenue
• Company will collect about $530 million from selling its 50.1 percent stake in a Texas data center, versus an original $450 million investment
• S&P 500 gained 0.74 percent to 7,538 and the Nasdaq Composite climbed 1.12 percent to 26,121

What Sparked the Rally in TeraWulf Shares

TeraWulf, which started as a bitcoin mining operation, has spent the past year retooling itself into a provider of high performance computing infrastructure for AI workloads. Wednesday's news gave that pivot a concrete price tag. The Anthropic lease covers a site in Hawesville, Kentucky, and locks in revenue for two decades, a term that stands out even in an industry accustomed to long capital commitments.

The Texas Data Center Sale

Alongside the lease, TeraWulf agreed to sell its majority stake in a Texas data center joint venture. The company originally put in $450 million and will walk away with roughly $530 million, a gain that hands it fresh capital just as it leans further into AI infrastructure buildout rather than pure bitcoin mining.

Quick Facts

• TeraWulf acquired a data center development site in Eastern Kentucky in late May
• Cipher Digital (NASDAQ:CIFR) rose 8.43 percent to $21.73
• IREN (NASDAQ:IREN) jumped 13.11 percent to $43.91
• Both peers are also shifting toward AI and HPC infrastructure revenue

How Bitcoin Mining Peers Fared

The broader mining sector rode the same wave. Cipher Digital and IREN both posted double digit or near double digit gains as investors bet that AI data center monetization could reshape the economics of an industry long tied to volatile bitcoin prices. That narrative has gained traction as miners look for revenue streams that do not swing with crypto markets.

Reading the Broader Market Context

Wednesday's gains in mining stocks came against a backdrop of broad strength. The S&P 500 added 0.74 percent to close at 7,538, while the Nasdaq Composite climbed 1.12 percent to 26,121, reflecting continued investor enthusiasm for AI related infrastructure plays across sectors.

What the Shift Means for TeraWulf's Path Forward

TeraWulf's combination of recurring lease income and a capital infusion from the Texas sale gives it more flexibility to fund further HPC expansion without relying solely on bitcoin mining margins, which remain exposed to crypto's notorious price swings and rising network difficulty. Whether the Anthropic deal marks a turning point or one data point in a longer transition will depend on how quickly the company can replicate similar contracts elsewhere.