TeraWulf Leads Miner Rebound as Sector Fund Takes the Lead

TeraWulf's stock has rebounded significantly after Thursday's decline, rising 7% to $17.33 in Friday midday trading.

This recovery is part of a broader trend across the Bitcoin miner complex, with Applied Digital's stock climbing 4% to $26.74 and IREN up only 0.89% to $44.03.

The sector fund's leadership over the broad benchmark supports this reading, as the WGMI ETF moves well ahead of SPY.

Despite the rebound in TeraWulf and Applied Digital, IREN remains relatively flat, suggesting that today's rally is driven by mechanical flows rather than a repricing of the AI hosting thesis shared by the three names.