Bitcoin Miners TeraWulf, IREN, Hut 8 Jump Up to 12.8%, 8.01%, 9.69% on July 8 Amid AI Infrastructure Shift

On July 8, shares of Bitcoin miners TeraWulf (WULF), IREN, and Hut 8 (HUT) surged, driven not by Bitcoin price action but by growing exposure to artificial intelligence infrastructure.

TeraWulf shares rose 12.8% after signing a 20-year lease agreement with Anthropic to support a data center project in Kentucky with 401 megawatts of power capacity, expected to begin operations in early 2028. Analysts estimate the contract will generate more than $19 billion in revenue over its full term. Compass Point raised TeraWulf's price target from $28 to $40. IREN shares climbed 8.01% after Freedom Capital Markets upgraded the stock to "buy," citing underappreciated AI infrastructure potential. Hut 8 shares gained 9.69% following its inclusion in several Russell growth and small-cap indexes.