TeraWulf

Headlines · 3

1. 1d
   Morgan Stanley keeps TeraWulf Overweight, sees 463% upside tied to Anthropic lease

   TeraWulf shares extended their October slide on Thursday as rising borrowing costs weighed broadly on AI infrastructure stocks, according to a Barron's report republished by TMTPost. Morgan Stanley analyst Stephen Byrd reiterated an Overweight rating and a $65 price target, implying roughly 463% upside, arguing the selloff does not reflect the true value of the company's data center contracts. The report cites TeraWulf's 20-year lease with Anthropic, expected to generate about $19 billion in contract revenue, and Morgan Stanley's expectation that an additional 336 megawatts of data center capacity will come online by 2027.

   钛媒体 · 🔥 5
2. 3d
   CoreWeave closes down 15.5% as bond yields near 15% on AI borrowing fears

   CoreWeave shares closed down 15.5% at $65.78 on Wednesday, their lowest close since July 29, while yields on its 9.625% notes due 2032 rose to about 14.8% and its 9.75% notes due 2031 to roughly 14.9%, as investors grew worried that technology companies are borrowing too heavily to build AI infrastructure. S&P Global Ratings put CoreWeave's overall credit rating at B+, a junk grade, and an analyst noted its capital spending rivals that of hyperscalers despite a far smaller balance sheet. CEO Mike Intrator called the market reaction "irrational" in a memo obtained by CNBC and Reuters and said the company's unfulfilled order backlog is large enough to cover all its debt obligations. Oracle fell 8.83% the same day, Nebius lost 10.08%, IREN 12.18%, TeraWulf 12.64% and Applied Digital 9.43%; Nvidia dropped 3.16% and TSMC's ADR 3.4%, and per Techmeme's summary Dell fell 11.3%.

   Techmeme · 🔥 33
3. 5d
   Report: IREN's mystery AI cloud customer is Anthropic

   Citing The Information (relayed by Stocktwits and Chosun Ilbo), reports say the mystery AI cloud customer IREN Limited teased on an earnings call is Anthropic, which has signed a multi-year cloud contract that has not been announced; neither company confirmed it, and the value and term were not disclosed. IREN shares jumped in Asian trading on Monday, rising as much as 8.5% to $38.17, after closing at $35.19 on Oct 9, a low not seen since late July. The report also says Anthropic has signed data-center leases with more than 10 cloud providers including AWS and Google, totaling over 15GW and about $530 billion, with capacity projected to grow from 1.4GW in 2025 to 5GW and 9.5GW and to exceed 15GW in 2028; IREN CEO Daniel Roberts said in August that it had signed a top AI lab without naming the customer. The report notes that research firm SemiAnalysis last week questioned the quality of IREN's older British Columbia data centers, and that heavy lease costs could pressure Anthropic's margins.

   科技新报 · 🔥 0

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