TeraWulf Rises 12%, IREN Climbs 7% as AI-Infrastructure Stocks Bounce Back

Stocks in AI-infrastructure rebounded after a broad selloff, lifting several former Bitcoin miners repurposed for data-center and AI compute leasing. TeraWulf (NASDAQ: WULF) rose 12% to $22.67 in mid-morning trading, leading gains across the group. IREN (NASDAQ: IREN) climbed 7% to $42.55, while peers Applied Digital (NASDAQ: APLD) gained 3% to $31.53 and Cipher Mining (NASDAQ: CIFR) rose 5% to $21.45. The session mirrored Tuesday’s declines, when TeraWulf fell 8%, IREN dropped 7% and Applied Digital lost 6%. The article cites no new company-specific trigger; instead, it attributes the move to a broader “risk-on” tone and the rebound of high-beta names, including Chinese tech. TeraWulf’s upside is tied to a previously disclosed 20-year, roughly $19 billion Anthropic AI data-center lease, and its HPC lease revenue reached $21.02 million in Q1 FY2026. The firm also raised $1 billion in equity for its Hawesville, Kentucky campus, with total contracted revenue above $13 billion across anchor tenants.