TeraWulf signed a 20-year lease with Anthropic for about 401 MW at its Justified campus in Hawesville, Kentucky, worth roughly $19 billion in contracted revenue over the initial term, per the company's July 6 press release. That revenue figure is about two and a half times the current $7.7 billion market cap. Kentucky regulators approved 482 MW of electric service for the site in August, and Engineering News-Record reports Fluor is leading a redevelopment worth more than $4 billion, with lease revenue starting in the second half of 2027 per BestStocks. TeraWulf also sold its Abernathy joint venture stake for about $530 million to fund the buildout. The stock sits at 15.53, roughly half its 52-week high of 29.84, and IV rank is 6.5, so June 2027 calls are cheap against the stock's own history despite a 77.75% absolute IV. The main risk is leverage and concentration. TFTC reports a planned $3.5 billion debt raise, higher rates would raise the cost of capital, and the 4.53 beta would punish the stock in any AI spending pause. Earnings on 2026-11-09 fall inside the trade window and the lease depends on one tenant.
WULF options
TeraWulf Inc.: implied volatility, options liquidity and upcoming catalysts, as the public market snapshot holds them.
Price and volatility
- Price
- $13.09
- Change
- +$0.53 (+4.22%)
- IV rank
- 55.3
- IV percentile
- 76.5
- Implied volatility
- 109.2%
- Implied volatility, 5-day change
- −7.4 pts
- Implied volatility term structure
- 140.9% for Nov 13, 2026, 124.9% for Nov 20, 2026
- Options liquidity
- 4/5
- Share volume
- 225.3K
- Market cap
- $5.7B
- 52-week range
- $9.51–$29.84
- Lendability
- Easy To Borrow
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Upcoming catalysts
No upcoming dated event is stored for WULF. This page shows what is already on the calendar and does not run a search.