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TeraWulfAnthropicbitcoindata centersdefault risk
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• NeutralAlphabet Inc. (Class A)
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| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 11/04/2026 | 288.99 |
| Change that session | +3.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9%
TeraWulf (NASDAQ:WULF) fell 4% to $12.04 even though it disclosed on November 4 that Google, an Alphabet unit, guarantees Anthropic's leases at its Kentucky campus. The 20-year leases cover about 401 megawatts across three buildings, with contracted commitments of about $19 billion, but the guarantee takes effect only once each lease's last data hall reaches commencement, with phased delivery from late 2027 through Q2 2028. Construction-period risk remains with TeraWulf and its lenders. Cipher Digital (NASDAQ:CIFR) dropped 18% and IREN (NASDAQ:IREN) fell 9% amid broader worries about funding AI data center builds, while TeraWulf's Q3 2026 report is scheduled for November 6.
- Google backstops TeraWulf’s $19 billion Anthropic leases in Kentucky
TeraWulf said Google can take over Anthropic’s rent or pay a declining termination fee if Anthropic defaults, but this support starts only once the final data hall of each lease begins operating. The excerpt cuts off while discussing a guarantee from Fluor.
- WULF Stock Gets A ‘Buy’ From TD Cowen As The AI 'Boom' Overshadows TeraWulf’s Bitcoin Mining Roots
TD Cowen initiated coverage of TeraWulf (WULF) with a Buy rating and a $21 price target on Monday, implying about 52.5% upside from Friday's close of $13.77. Analyst Michael Elias argues the market undervalues the AI data center business by applying a 9% cap rate, which he considers too high because the risk is lower than that rate suggests. Fluidstack, a key tenant, has part of its lease payments guaranteed by Google, which also received warrants for an estimated 8% stake. Among the 24 analysts covering WULF, the average 12-month price target is $33.58, and TD Cowen's target sits about 37% below that average. The stock has fallen about 54% from its 52-week high of $29.84 but is up nearly 20% so far this year.
- TeraWulf Jumps 8% as CEO Says Power Demand Remains ‘Extremely Strong’; Applied Digital Surges 9%, IREN Climbs 6%
TeraWulf shares rose 8% to $12.95 in afternoon trading after CEO Paul B. Prager wrote on X that demand for power “remains extremely strong,” that the company’s site is “energized” to meet it, and that shareholders would not be diluted. He said customers would likely need outside funding but TeraWulf would not take on that financial risk, and that the next data center building at Lake Mariner, leased to Fluidstack, is on track for delivery this quarter. Applied Digital rose 9% to $21.17 and IREN climbed 6% to $28.11, while the CoinShares Bitcoin Mining and Digital Power ETF gained 3% to $32.43 against a 0.6% rise in the SPDR S&P 500 ETF Trust. The article links the rally to power scarcity, including Elon Musk’s comment on the earnings call that the infrastructure to supply and cool electrical equipment is “somewhat of a limiting factor” for superintelligence. The next test for TeraWulf is whether the Lake Mariner building is delivered on schedule this quarter.
- Google could take stake in TeraWulf's $19B AI project
Google has agreed to backstop Anthropic's $19 billion lease at TeraWulf's Kentucky data center, a site run by the bitcoin miner. If Anthropic defaults, Google could take over the lease or take a stake in the project. The episode also covers Payward's purchase of AAVE tokens and Standard Chartered's venture arm investing in Soter.
- Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal
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Reddit (RDDT) shares fell 8% amid a broad tech selloff, after Snap reported only 4% ad revenue growth in the third quarter. The article argues Snap's slowdown is largely its own issue, since Meta's third-quarter revenue rose 26% to $64.6 billion. The bigger risk for Reddit is lost search traffic from Google's AI answers, which contributed to fourth-quarter revenue guidance of $1.00 billion to $1.03 billion, below expectations. Reddit's third-quarter revenue still rose 53% to $895 million, though analysts trimmed their 2027 revenue estimate to $4.34 billion from $4.47 billion. The article names the data-licensing renewal with Google, due in early 2027, as the next key test.
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- Amazon.com (AMZN) Could Gain From Slower AI Data Center Expansion
The article says Democrats' win in the 2026 U.S. midterm elections on November 5, 2026 could bring tighter scrutiny of AI infrastructure spending and new limits on large data center expansion, which could favor cloud providers such as Amazon that already operate substantial computing capacity. It cites Amazon's US$225b in Trainium commitments and US$578b backlog, against guided 2026 capex of about US$220b. The suggested early indicator is whether that backlog and new AI deals show up in AWS usage growth and operating cash flow. The article also flags that higher regulatory friction around power and tax treatment could weigh on free cash flow if the economics of AI spending shift.
- Top Democrats call to rein in AI buildout after midterms sweep: 'National data center moratorium now'
After Democrats' midterm wins on Tuesday, Sen. Bernie Sanders called for a national data center moratorium, pointing to local referendums where voters approved restrictions on data centers. A CNBC Voter Poll found 56% of voters said AI and data centers were a crucial or major factor in their vote, and 65% of those voters backed a Democratic congressional candidate. Gina Hinojosa, who ousted Gov. Greg Abbott in Texas, pledged a moratorium on all data center approvals until the legislature passes protective laws. Chip stocks led the sell-off, with the iShares Semiconductor ETF (SOXX) tumbling nearly 9% on Tuesday, Nvidia down 8% and Advanced Micro Devices down more than 14%.
- 3 Stocks Riding The Shift Away From Search Ads
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