TeraWulf Inc. (NASDAQ:WULF) stock is surging on Monday, driven by a sector-wide technical recovery and a massive peer-company contract that has reignited investor confidence in AI data center infrastructure.
The upward movement follows a downturn last week, after New York Gov. Kathy Hochul signed an executive order launching a statewide moratorium on new hyperscale data centers.
The Nasdaq is up 0.70% while the S&P 500 has gained 0.12%, and Technology is leading with a 0.8% gain.
Bitcoin Stabilizes Above $65K
Broader cryptocurrency markets are providing a stable backdrop for the recovery. Bitcoin (CRYPTO: BTC) is trading at $65,414.38 on Monday, according to CoinMarketCap, reflecting a 24-hour gain of 1.21% and a 7-day increase of 5.21%.
This stabilization follows mid-July market fluctuations where crypto-linked companies faced pressure from declining Bitcoin prices amid escalating U.S.-Iran tensions.
Peer Contract Validates Valuation
Investor sentiment is heavily influenced by Hut 8 Corp. (NASDAQ:HUT), which announced Monday it fully commercialized its 1-gigawatt Beacon Point campus via a second 352-megawatt IT lease.
The 15-year triple net lease is valued at $9.8 billion over its base term. “We took this greenfield site from first lease to full commercialization in just months,” stated Hut 8 CEO Asher Genoot, adding that the transaction validates the long-term orientation of their partnerships.
TeraWulf Technical Analysis
Despite the recent pullback, TeraWulf remains up about 279% over the past year. The stock trades roughly 9.5% above its 200-day simple moving average of $17.29, indicating the longer-term uptrend remains intact.
However, the shares remain under pressure in the short term. WULF trades about 17% below its 20-day moving average of $22.81 and 21.1% below its 50-day moving average of $24.01.
Momentum indicators also remain cautious. The moving average convergence divergence (MACD) indicator is below its signal line with a negative histogram, suggesting bullish momentum has weakened following the stock’s sharp rally earlier this year.
The 20-day moving average remains below the 50-day average, reflecting short-term weakness. However, the 50-day average continues to hold above the 200-day average, preserving the longer-term bullish trend established in August 2025.
Traders are watching resistance near $20.82, close to the 100-day moving average. Initial support sits around $17.29, which aligns with the 200-day moving average.
Earnings And Analyst Outlook
Looking further out, the next major catalyst for the stock arrives with the August 7, 2026 (estimated) earnings report.
- EPS Estimate: Loss of 19 cents (Down from loss of 5 cents YoY)
- Revenue Estimate: $47.99 million (Up from $47.64 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $36.00 (high: $72.00; low: $25.00) across 23 analysts. Recent analyst moves include:
- Cantor Fitzgerald: Overweight (Maintains forecast to $37.00) (July 15)
- Rosenblatt: Buy (Maintains forecast to $30.00) (July 15)
- Morgan Stanley: Overweight (Raises forecast to $72.00) (July 8)
TeraWulf Top ETF Exposure
- Amplify Blockchain Technology ETF (NYSE:BLOK): 4.36% Weight
- Bitwise Crypto Industry Innovators ETF (NYSE:BITQ): 5.64% Weight
- VanEck Digital Transformation ETF (NASDAQ:DAPP): 5.50% Weight
Significance: Because WULF carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
WULF Stock Price Activity: TeraWulf shares were up 4.21% at $18.93 at the time of publication on Monday, according to Benzinga Pro data.
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