On August 27, TeraWulf Inc. rose 5.01% in regular trading, trading at $16.69 per share, with turnover of $55.22 million. The stock continues to gain momentum following the Kentucky Public Service Commission's approval of a retail electric service agreement for its data campus.

The Kentucky Public Service Commission approved an agreement supporting up to 482 megawatts of electric service for TeraWulf's data campus in Hancock County, Kentucky. Under the agreement, TeraWulf is responsible for market, transmission, delivery, and other costs associated with its electricity use, as well as infrastructure-related costs and financial guarantees. The agreement also includes additional charges based on TeraWulf's electricity consumption. This approval is significant as it supports the company's expanding AI infrastructure operations, including its previously announced 20-year lease agreement with Anthropic at its Kentucky data campus, expected to generate approximately $19 billion in contract revenue over the initial lease term.

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