WULF Stock Drops After Massive Q2 Earnings Miss
TeraWulf Inc. (WULF) shares dropped significantly after reporting a massive Q2 earnings miss, with a loss of $1.94 per share against an expected loss of $0.31. Revenue also declined year-over-year and fell short of analyst estimates, raising concerns about the company's growth and operational costs despite high gross margins. Traders are closely watching WULF due to its high volatility, significant earnings miss, and an ambiguous insider ownership change revealed in a Form 4 filing.
Rosenblatt reiterates Terawulf stock rating citing Anthropic deal
Rosenblatt maintained a Buy rating and a $30.00 price target for Terawulf Inc. (NASDAQ:WULF) after meetings at their 6th Annual Tech Summit, despite the stock's recent 43% decline. The firm acknowledged investor concerns regarding the financing and concentration risks of Terawulf's 20-year lease agreement with Anthropic, but believes these issues have clear near-term resolutions. Terawulf also recently reported a wider-than-expected loss for Q2 2026, though revenue increased due to high-performance computing leases, and S&P Global Ratings affirmed its 'BB-' issuer credit rating.
87,605 Shares in TeraWulf Inc. $WULF Bought by Silvant Capital Management LLC
Silvant Capital Management LLC has purchased a new stake of 87,605 shares in TeraWulf Inc. (NASDAQ:WULF), valued at approximately $2.16 million during the second quarter. This move comes as other institutional investors have also adjusted their holdings in the company, which has 62.49% of its stock owned by institutional investors and hedge funds. Despite a significant quarterly loss and declining revenue, analysts maintain a "Moderate Buy" consensus rating for TeraWulf with a target price of $34.21.
Stock Traders Purchase Large Volume of Put Options on TeraWulf (NASDAQ:WULF)
Stock traders recently bought a significantly higher volume of put options on TeraWulf (NASDAQ:WULF), indicating increased bearish sentiment or hedging activity, despite analysts maintaining a "Moderate Buy" rating with an average target price of $34.21. The company's shares are trading below key moving averages, and it reported a quarterly loss that missed estimates, alongside negative margins and high debt. Insider activity shows a director buying shares while the CEO sold a substantial amount.
WULF Stock Draws Bulls As Anthropic Megadeal Reshapes Story
TeraWulf Inc. (WULF) stock is experiencing a surge due to a significant 20-year lease agreement with Anthropic at its Justified Data campus, expected to generate approximately $19 billion in contracted revenue. This megadeal signifies a strategic pivot for TeraWulf from bitcoin mining to long-duration AI/HPC infrastructure, supported by substantial cash reserves and institutional interest. Despite current GAAP losses and negative margins, analysts maintain positive outlooks, viewing recent stock fluctuations as a valuation reset rather than a fundamental issue, with future success hinging on execution of its large-scale AI infrastructure build-outs.
4 Top Neocloud Stocks: How CoreWeave, Nebius, TeraWulf, and IREN Are Financing the AI Boom
The article analyzes how four top neocloud companies – CoreWeave, Nebius, TeraWulf, and Iren – are funding their AI infrastructure expansion. It highlights two distinct strategies: CoreWeave's reliance on debt to finance its massive build-outs despite a large backlog, and Nebius, Iren, and TeraWulf's approach of using customer prepayments to cover significant portions of capital expenditures, thereby reducing debt. The author suggests that the method of financing will be a crucial factor for investors to consider in the high-capital-intensive neocloud industry.
TeraWulf (WULF) Is Down 6.7% After Massive Q2 Loss Clouds AI Pivot Strategy - What's Changed
TeraWulf (WULF) reported a massive Q2 2026 net loss of US$939.92 million and a first-half loss of US$1.37 billion, despite a slight revenue dip. These significant losses are raising concerns about the company's funding needs and balance sheet resilience as it pivots from bitcoin mining to AI and high-performance computing. While a recent US$200 million equity offering helps short-term cash flow, the scale of losses suggests potential future dilution and funding challenges, impacting its AI growth narrative.
WULF Stock Slides As Massive Q2 Loss Rattles Traders
TeraWulf Inc. (WULF) shares slid significantly after the company reported a much larger-than-expected Q2 loss of $1.94 per share, against an anticipated $0.31 loss. Revenues also declined year-over-year and missed estimates, indicating struggles on both the top and bottom lines. This substantial earnings miss has led traders to reassess risk and has resulted in controlled selling pressure on the stock, which is now considered a "textbook expectations reset" name.
TeraWulf Inc (WULF) Shares Fall 11.3% -- GF Value Says Still Overvalued
TeraWulf Inc (WULF) shares dropped 11.3% to $15.62, yet GuruFocus' GF Value estimates a fair value of $5.40, indicating a 189.3% overvaluation. The company also has a low GF Score of 38/100, with poor ratings in profitability and growth, alongside significant insider selling of $31.0M. Investors are advised to be cautious due to its inflated valuation and unprofitability.
TeraWulf (NASDAQ:WULF) Trading Down 11.1% - Here's What Happened
TeraWulf (NASDAQ:WULF) shares dropped 11.1% after the company reported quarterly earnings that sharply missed analyst expectations, with an adjusted loss of $1.94 per share against an estimated $0.24 loss and revenue of $44.77 million, down 6% year-over-year. Despite the poor performance, analysts maintain a "Moderate Buy" rating with a target price of $34.21. Insider activity was mixed, with the CEO selling shares under a Rule 10b5-1 plan and a director making a smaller purchase.
Cipher Mining Falls 9%, TeraWulf Sinks 7% as Rising Yields Hit the AI Miner Pivot
Shares of Bitcoin miners pivoting to AI infrastructure, including Cipher Mining (CIFR) and TeraWulf (WULF), experienced significant declines due to rising 10-year Treasury yields, which are currently at 4.7%. This pressure impacts valuations for multi-year AI data center projects and increases borrowing costs for these capital-intensive businesses. Despite some companies having contracted revenue backlogs, the sector-wide selloff suggests investor concern over current investment phases and future cash flow until lease deliveries begin in 2027-2028.
Tortoise Investment Management LLC Invests $3.79 Million in TeraWulf Inc. $WULF
Tortoise Investment Management LLC recently invested $3.79 million in TeraWulf Inc. by acquiring 153,225 shares during the second quarter. This comes as TeraWulf reported weaker-than-expected quarterly earnings, with a significant loss per share and declining revenue, yet analysts maintain a "Moderate Buy" rating with a high average price target. Insider activity also showed a director purchasing shares while the CEO sold shares under a pre-arranged plan.
TeraWulf director Michael Bucella buys $99,949 in WULF stock
TeraWulf Inc. director Michael C. Bucella recently purchased $99,949 worth of WULF common stock through transactions on August 14 and August 17, 2026, increasing his direct holdings to 344,704 shares. This insider buying follows an 88% surge in WULF shares over the past year and recent news of a wider-than-expected Q2 2026 loss, increased revenue, and S&P Global's stable outlook affirmation despite financing uncertainties for a new AI data center campus.
Insider Buying: TeraWulf (NASDAQ:WULF) Director Purchases 2,860 Shares
TeraWulf (NASDAQ:WULF) Director Michael Bucella recently purchased 2,860 shares of the company's stock for nearly $50,000, increasing his total ownership to 344,704 shares. This insider buying occurred despite the company reporting a significant quarterly loss and a slight revenue decline. Analysts, however, maintain a "Moderate Buy" rating with an average price target of $34.21.
TeraWulf (NASDAQ:WULF) Director Buys 3,023 Shares of Stock
TeraWulf Director Michael Bucella recently purchased 3,023 shares of WULF stock for approximately $50,000, increasing his direct holdings to over 341,000 shares. Despite this insider buying and a 1.3% rise in share price, the company reported a significant EPS miss and a 6% year-over-year revenue decline in its latest earnings report. Analysts, however, maintain a "Moderate Buy" rating with an average price target of $34.21, and institutional investors hold a substantial stake in the company.
Discover TeraWulf And 2 Other Growth Stocks With Significant Insider Ownership
This article highlights three growth stocks with significant insider ownership in the United States market: TeraWulf (WULF), Astera Labs (ALAB), and Zeta Global Holdings (ZETA). These companies are presented as appealing investment opportunities due to strong insider confidence and high revenue growth forecasts, despite some challenges like stock volatility or cash runway concerns. The piece emphasizes the importance of insider ownership as an indicator of alignment between management and shareholders.
Discover TeraWulf And 2 Other Growth Stocks With Significant Insider Ownership
This article highlights three growth stocks—TeraWulf (WULF), Astera Labs (ALAB), and Zeta Global Holdings (ZETA)—that exhibit significant insider ownership and strong growth forecasts. It details each company's financial performance, revenue projections, and recent insider activity, suggesting that high insider ownership can indicate confidence in the company's future. The article also provides links to more in-depth reports for each company, while reminding readers that the analysis is general in nature and not financial advice.
Alberta Investment Management Corp Acquires New Position in TeraWulf Inc. $WULF
Alberta Investment Management Corp (AIMCo) has acquired a new position in TeraWulf Inc. (NASDAQ:WULF) during the second quarter, purchasing 287,400 shares valued at approximately $7.099 million, representing 0.06% of the company. Other institutional investors like Bank of New York Mellon Corp and GSA Capital Partners LLP also bought new stakes, while insiders, including CEO Paul B. Prager, sold shares. The company recently reported Q2 earnings, missing analyst estimates, and currently holds a "Moderate Buy" rating from analysts with an average price target of $34.21.
Dockside LLC Buys New Stake in TeraWulf Inc. $WULF
Dockside LLC has acquired a new stake of 57,774 shares in TeraWulf Inc. (NASDAQ:WULF) valued at approximately $1.43 million during the second quarter. This purchase contributes to institutional investors collectively owning 62.49% of the company. Despite TeraWulf reporting a significant quarterly loss and a revenue decline, analysts maintain a "Moderate Buy" consensus rating for the stock.
TeraWulf Inc (WULF) Gets a Buy from Bernstein
Bernstein maintained a Buy rating on TeraWulf Inc (WULF) with a $36.00 price target, and Morgan Stanley also maintained a Buy rating with a $62.50 price target. This comes despite the company reporting a GAAP net loss of $939.92 million in its latest quarter and a negative sentiment from corporate insiders, with the CEO recently selling a significant number of shares.
Morgan Stanley (WULF) discloses 30.4M-share TeraWulf stake on Schedule 13G
Morgan Stanley has filed a Schedule 13G, disclosing a beneficial ownership of 30,388,221 shares of TeraWulf Inc. common stock, which represents a 6.1% stake in the company. The filing indicates that Morgan Stanley holds shared voting power over 26,073,940 shares and shared dispositive power over all 30,388,221 shares, with no sole voting or dispositive power reported. This disclosure is made by specific Morgan Stanley operating units, with other units' ownership disaggregated according to SEC guidance.
WULF Stock Draws Bullish Targets As AI Pivot Accelerates
TeraWulf Inc. (WULF) stock is rising as the company accelerates its pivot from bitcoin mining to long-duration AI/HPC infrastructure, highlighted by a significant 20-year lease with Anthropic. Despite a slight Q2 revenue miss, analysts like B. Riley and Morgan Stanley maintain bullish ratings, raising or reiterating price targets based on WULF's shift towards contracted cash flows and infrastructure-like operations. The company is in a heavy spending phase to build out its data centers, signaling a high-reward, high-execution-risk story focused on future growth in the AI data-center market.
Morgan Stanley cuts TeraWulf target to $62.50 as dilution lifts share count
Morgan Stanley reduced its price target for TeraWulf (NASDAQ: WULF) to $62.50 from $72, citing an increased fully diluted share count rather than operational issues. The firm maintained an Overweight rating, with the new target still suggesting a 273.1% upside. This adjustment reflects warrant exercises and convertible-note conversions, although Morgan Stanley also assigned a significant $39.5 billion value to TeraWulf's High-Performance Computing (HPC) operations.
Morgan Stanley Adjusts Price Target on TeraWulf to $62.50 From $72, Keeps Overweight Rating
Morgan Stanley has revised its price target for TeraWulf (WULF) shares, lowering it to $62.50 from the previous $72.00. Despite this reduction, the investment bank has maintained its "Overweight" rating on the company's stock. The article, published on MarketScreener, indicates this adjustment reflects updated analyst perspectives on the cryptocurrency mining and digital infrastructure firm.
TeraWulf Inc. Stock 12‑Month Price Target Cut to $36.61, Implies 113% Upside
TeraWulf Inc.'s average 12-month price target has been lowered from $37.11 to $36.61, according to 19 analysts, with forecasts ranging from $25 to $62.5 per share. This updated target suggests a potential upside of approximately 113% based on the Aug. 12 closing price. The consensus rating from 20 analysts remains a "Buy," with no Holds or Sells.
TeraWulf Inc. (NASDAQ:WULF) Analysts Just Slashed This Year's Estimates
Analysts have significantly revised down their revenue and earnings per share (EPS) estimates for TeraWulf Inc. (NASDAQ:WULF) for the current year. While the company is still expected to see substantial revenue growth, projected losses per share have increased. Despite these negative revisions, the consensus price target for WULF remains unchanged, but investors are advised to be cautious due to the deteriorating business outlook.
TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Recommendation of "Moderate Buy" from Analysts
Analysts have issued a "Moderate Buy" consensus recommendation for TeraWulf Inc. (NASDAQ:WULF) based on ratings from twenty brokerages, with an average 12-month price target of $34.74. Despite this bullish outlook, the company recently reported weaker-than-expected quarterly financial results, including a significant loss per share and a revenue decline. Institutional ownership remains substantial, though the CEO recently sold a portion of his shares.
Developer behind massive KY data center project thinks it can double in size
TeraWulf, a Bitcoin mining firm, plans to construct a large AI data center, named Muskie Data Campus, in Eastern Kentucky that could double its planned 1-gigawatt electrical capacity to 2 gigawatts by 2030. The project, located on a former strip mine near Ashland, represents an estimated $4 billion investment and is considered one of Eastern Kentucky's largest economic development initiatives. TeraWulf is also developing another data center in Hancock County, further solidifying Kentucky's position as a hub for hyperscale data, though these projects have sparked concerns among some residents regarding electricity costs and environmental impact.
Jane Street Group (WULF) discloses 19.9M-share, 4.0% TeraWulf ownership
Jane Street Group and its affiliated entities have reported beneficial ownership of 19,896,330 shares of TeraWulf Inc. common stock, representing 4.0% of the class. This stake is held with shared voting and dispositive power across multiple subsidiaries, including Jane Street Capital, LLC, Leonard Street Holdings, LP, Jane Street Global Trading, LLC, and Jane Street Singapore Pte. Limited. The filing, an amended Schedule 13G/A, indicates that the group's total beneficial ownership for this security class is now at or below the 5% threshold.
TeraWulf Inc (WULF) Stock Down 5.2% but Still Overvalued -- GF S
TeraWulf Inc (WULF) shares fell by 5.2% to $16.20, yet GuruFocus assesses the stock as significantly overvalued with a GF Value™ of $4.81. The company's GF Score™ is a low 38/100, primarily due to weak profitability and growth, despite strong momentum. Insider selling of $12.0M without any buying activity further raises concerns about the stock's future prospects.
TeraWulf Inc. (NASDAQ:WULF) Analysts Just Slashed This Year's Estimates
Analysts have significantly revised down TeraWulf Inc.'s revenue and earnings per share forecasts for the current year, now predicting revenues of US$273 million and increased losses per share of US$3.27. Despite these downgrades, the consensus price target remained unchanged. The article suggests that while TeraWulf is expected to grow faster than the industry, investors should be cautious given the deteriorating forecast for profitability.
WULF Stock Drops After Huge Earnings Miss And New York Data Center Moratorium
TeraWulf Inc. (NASDAQ: WULF) stock dropped by -4.8% after reporting a significant Q2 earnings miss, with a loss of $1.94 per share against an expected $0.31 loss, and a year-over-year revenue decline. The company faces additional regulatory risk from New York's newly approved one-year moratorium on new hyperscale data centers, impacting its AI-focused expansion plans. These factors create high volatility, prompting traders to re-evaluate their positions and focus on price action over speculative growth stories.
What’s Driving TeraWulf (WULF) Stock, and Are Its Peers Moving Too?
TeraWulf's stock has seen a significant surge in 2026, driven primarily by a 20-year lease agreement with Anthropic for 401 megawatts and an estimated $19 billion in contracted revenue. While competitors like Core Scientific and IREN have also secured substantial AI infrastructure deals, TeraWulf leads its peers in year-to-date gains. The company's future performance hinges on its ability to execute complex construction projects to bring the contracted capacity online, especially given that major revenue from the Anthropic deal won't fully materialize until 2027 or 2028.
TeraWulf Inc. (NASDAQ:WULF) Analysts Just Slashed This Year's Estimates
Analysts have significantly revised down their revenue and earnings per share forecasts for TeraWulf Inc. for the current year, indicating a more pessimistic outlook. While the price target remained unchanged, the lowered estimates for revenue and increased projected losses suggest potential caution for investors, despite the company's expected growth accelerating faster than the broader industry. The downgrade points to potentially deteriorating business conditions that could influence the stock price.
Weekly Recap: $32M HPC, $27B AI backlog and 102MW, 168MW contracted
TeraWulf Inc. (NASDAQ:WULF) reported a strong Q2, with HPC revenue reaching $32M, accounting for 71% of sales, and achieving 102 MW delivered, driving $180M in annualized recurring revenue. The company also saw its contracted AI data-center capacity increase to 168 MW and $27B in revenue due to Fluidstack amendments, with further expansion plans for CB-4 and CB-5. These developments highlight significant growth in both high-performance computing and AI data center operations for TeraWulf.
TeraWulf Shares Face 12% Hurdle With 839-MW AI Pipeline as U.S. Markets Close
TeraWulf (NASDAQ:WULF) shares face a significant challenge as only 12.2% of its 839 MW AI and computing capacity under contract is currently operational. Despite this, high-performance computing (HPC) leasing now accounts for 71% of its revenue, marking a shift from its digital-asset business. Investors are closely watching the company's progress in bringing the remaining 737 MW online, with analysts largely optimistic about its potential upside, though acknowledging execution risks.
Janus Henderson Group PLC Has $2.04 Million Stock Holdings in TeraWulf Inc. $WULF
Janus Henderson Group PLC significantly reduced its stake in TeraWulf Inc. by 68.7% in the first quarter, selling over 310,000 shares and retaining a holding valued at approximately $2.04 million. Despite this, institutional investors and hedge funds still own a substantial portion of WULF, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $34.74, driven by AI-infrastructure expansion plans. However, weak quarterly results, including a $1.94 per-share loss, have pressured the stock.
TeraWulf Inc. $WULF Shares Bought by Bank of America Corp DE
Bank of America Corp DE increased its stake in TeraWulf Inc. (NASDAQ:WULF) by 9.2% in the first quarter, acquiring an additional 488,184 shares, bringing its total to 5.78 million shares valued at approximately $83.4 million. Despite the company reporting a larger-than-expected quarterly loss of $1.94 per share and a 6% year-over-year revenue decline to $44.77 million, analysts maintain a "Moderate Buy" rating with an average price target significantly above the current trading price. The company is pivoting from cryptocurrency mining to AI infrastructure, a move that analysts view positively despite recent financial underperformance.
TeraWulf Shares (NASDAQ:WULF) Decline Over the Week Amid 336-MW AI Expansion Scrutiny
TeraWulf Inc. (NASDAQ:WULF) saw its shares decline by 3.3% over the past week, closing at $17.08 on Friday. This decline comes amid scrutiny over its significant 336-megawatt AI infrastructure expansion, which is 3.3 times its current revenue-generating capacity. While the company reported a net loss primarily due to a non-cash warrant revaluation, its strategic shift towards high-performance computing (HPC) leasing now accounts for 71% of its revenue, indicating a transformation in its business model.
TeraWulf Inc. (NASDAQ:WULF) Analysts Are Cutting Their Estimates: Here's What You Need To Know
TeraWulf Inc. (NASDAQ:WULF) missed revenue and earnings expectations in its second-quarter results, leading analysts to cut their 2026 revenue estimates by 11% and increase loss per share forecasts. Despite the lowered expectations, the company is still projected to grow significantly faster than the industry, with a revenue increase of 64% anticipated for 2026. The average price target remained steady at US$37.72, suggesting that the weaker short-term outlook might not impact long-term valuation.
TeraWulf Inc. (NASDAQ:WULF) Analysts Are Cutting Their Estimates: Here's What You Need To Know
TeraWulf Inc. (NASDAQ:WULF) missed revenue expectations in its second-quarter results, leading analysts to cut their 2026 revenue estimates and increase loss per share forecasts. Despite the lowered expectations and diverging analyst views on valuation, the consensus price target remained broadly unchanged, suggesting analysts don't foresee a long-term impact on the valuation. The company is still projected to experience significant revenue growth, outperforming the industry.
TERAWULF INC. : KBW CUTS TARGET PRICE TO $29 FROM $30
KBW has adjusted its target price for Terawulf Inc. (WULF.O), reducing it to $29 from the previous $30. This change reflects an updated outlook by the financial institution on the company's valuation.
TeraWulf Inc (WULF) Stock Down 4.3% but Still Overvalued -- GF S
TeraWulf Inc (WULF) stock dropped 4.3% to $18.07, yet GuruFocus assesses it as 185.0% overvalued with a GF Value of $6.34. The company's GF Score of 38/100 reflects significant weaknesses in profitability and growth, despite strong recent momentum. Insider selling totaling $12.0M without any buying further raises concerns about the stock's future prospects.
TeraWulf's AI Pivot Gains Momentum, Bernstein Maintains 100% Upside Call
Bernstein analysts are bullish on TeraWulf (NASDAQ: WULF), maintaining an Outperform rating and a $36 price target, citing the company's successful pivot towards AI infrastructure. TeraWulf generated $32 million in high-performance computing (HPC) revenue in Q2, making up 71% of its total revenue, demonstrating a significant shift from its Bitcoin mining operations. Despite rising development costs, the company expects substantial annual revenue and net operating income from its contracted backlog and new campus developments, transitioning into a "power landlord of AI."
Bernstein Sees 100% Upside In TeraWulf Stock After Earnings
Bernstein has reaffirmed a "Buy" rating on TeraWulf (NASDAQ: WULF) stock, setting a $36 U.S. price target, which suggests a 101% upside. This bullish outlook follows TeraWulf's strong second-quarter financial results, demonstrating the success of its pivot from a Bitcoin miner to an A.I. data center operator. The company reported $32 million in high-performance computing revenue and secured $27 billion in contracted revenue from A.I. data center tenants, delivering 102 megawatts of power.
Second Quarter 2026 Earnings Conference Call
TeraWulf Inc. announced its Second Quarter 2026 Earnings Conference Call, held on August 5, 2026, at 8:00 am EDT. The article provides details for accessing the replay, including dial-in numbers, an access ID, and the replay expiration date of August 19, 2026. Links to the earnings release and webcast audio are also included.
TERAWULF INC. Q2 2026: Revenue $44.8M, Net loss $(939.9)M, EPS $(1.94) — 10-Q Summary
TeraWulf Inc. reported its Q2 2026 financial results, showing revenue of $44.8 million, a significant net loss of $(939.9) million, and diluted loss per share of $(1.94). The company experienced a revenue decline year-over-year, while its net loss dramatically increased compared to Q2 2025. HPC leasing has become the primary growth driver, with the company securing long-term HPC leases and expanding its campus developments.
August 5, 2026 - 10-Q: Quarterly report [Sections 13 or 15(d)]
TeraWulf Inc. (WULF) filed its quarterly report (Form 10-Q) on August 5, 2026, for the period ended June 30, 2026. The report details the company's financial performance, including a net loss of $940.8 million and a shift in revenue strategy, with HPC leasing now being the primary growth driver over digital asset mining. Key developments include significant acquisitions for data center expansion and strategic adjustments in its bitcoin mining operations.
WULF Stock Faces New York Data Center Moratorium Test
TeraWulf Inc. (WULF) stock is experiencing a downturn following New York's implementation of a one-year moratorium on new hyperscale data centers. This regulatory action, aimed at drafting environmental and grid-protection rules, poses a significant test for AI-focused data center developers with Bitcoin-mining origins like WULF. The company, which has been highly volatile, faces challenges due to its capital-intensive buildout mode, negative margins, and substantial debt, making it highly susceptible to regulatory surprises that could impact its long-term expansion strategy.
TeraWulf’s HPC leasing revenue jumps 52%, widening lead over bitcoin mining
TeraWulf's high-performance computing (HPC) lease revenue significantly increased by 52% quarter-over-quarter, reaching $31.9 million and now accounts for 71% of the company's total Q2 revenue. This growth highlights a strategic shift away from its traditional bitcoin mining operations towards contracted HPC services. Despite reporting a net loss driven by warrant adjustments, the company is expanding its data center capacity and secured a major 20-year lease with Anthropic.
