Jul 7, 2026 6:00 PM

TeraWulf just secured a massive $19 billion deal with Anthropic, yet its stock plummeted 10% immediately. While analysts cheer the pivot from Bitcoin mining to AI, the market’s violent reaction suggests this 20-year commitment—the longest in the industry—is a dangerous gamble rather than a guaranteed win. Diversifying into AI might look good on paper, but is locking a company’s future into a single two-decade contract a visionary move or a desperate trap? What’s your take?
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