Why Did TeraWulf Inc. (WULF) Stock Rise 10.41% Today?

The surge was sparked by news that TeraWulf secured a 1‑gigawatt AI data‑center campus in Kentucky, a deal highlighted by Benzinga and reinforced by a Google‑backed partnership reported on TheStreet. The acquisition gives the company a tangible asset in a fast‑growing AI infrastructure market and immediately lifted sentiment, pushing the share price from a $22.82 close yesterday to $25.20 – a 10.41% gain that also set a new 52‑week high just below the $25.93 peak.

Trading volume jumped to 41.8 million shares, roughly 1.7 times the 30‑day average of 25.1 million. Such a spike signals that many investors are acting on the announcement, not just passive traders. The surge was further amplified by a wave of high‑volume call‑option buying reported by MarketBeat, suggesting speculative interest in the upside potential of the AI campus.

The broader market was flat, with the S&P 500 and Russell 2000 showing no movement, indicating the rally is company‑specific rather than a sector or market‑wide bounce. TeraWulf’s sector classification is unclear, but the lack of any index lift confirms the move is tied to its own news flow.

At $25.20 the stock sits just $0.73 below its all‑time high of $25.93 and well above the 52‑week low of $3.40, placing it in a tight upper‑range trading zone that could act as resistance. Investors should watch the next earnings release and any further details on the Kentucky AI campus rollout for clues on whether the price can break past the $25.93 ceiling.