The Nasdaq and S&amp;P 500 jump to start the new trading week as semiconductor stocks pop to lead the markets higher. Brian Sullivan and Kelly Evans are joined by TeraWulf CEO, Paul Prager, to discuss his company’s $19 billion deal to lease its data center facility to Anthropic. Tech strategist, Dan Ives, sits down on set with the anchors to give his take on the tech sector while Citi’s Francesco Martoccia joins the show remotely to break down his latest energy research note. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

TeraWulf’s Data Center Deal, Trump Accounts Launch, and the State of Energy & Tech 7/6/26

Power Lunch

The Dow reaching new highs as big tech puts in the work. Welcome to Power Lunch, everybody. Putting in the work with Kelly. I am Brian and ahead this hour, the head of one of the hottest stocks in America is here, TeraWulf's CEO Paul Prager talking a huge 20-year power deal it just made with Anthropic. Plus, our gasoline price is about to fall back below where they were before the war. A big call from Citigroup on oil you've got to hear.

And a new investing initiative from the White House. President Trump opening U.S. financial markets and officially launching Trump Accounts, a federal savings and investment vehicle aimed at kids. Franklin Templeton CEO Jenny Johnson leading one of the world's largest asset managers, nearly $2 trillion under management. She is at the White House and joins us today.

All right, there is a lot to do on this Monday. Hope you're having a great start to your week and we're going to start this hour with a big deal right at the intersection of AI, data and power. Now this involves a company that should be no surprise to all you Power Lunch loyalists, TeraWulf. Saying this morning it is signing a huge 20-year deal with Anthropic to use its upcoming Kentucky data center. It will also sell its stake in another center. Shares of TeraWulf up about 10% on the news and competitors in the power space.

Names like Hut 8, Cypher Digital and more. They're all moving higher. Let's talk about this with Paul Prager. He is the CEO of TeraWulf and joins us again. Paul, good to have you back on the show. Congrats on the deal.

TeraWulf’s Data Center Deal, Trump Accounts Launch, and the State of Energy & Tech 7/6/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

TeraWulf’s Data Center Deal, Trump Accounts Launch, and the State of Energy & Tech 7/6/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.