TeraWulf Stock Rides AI Power Deals and Bullish Targets

TeraWulf Inc.'s stock has surged by 7.47 percent due to its expanding Bitcoin mining operations and major AI power deals. The company's shares have been climbing from the mid-$14s to the mid-$16s, with multiple swings above $17.

The latest session saw WULF open near $16.47 and close around $16.53 after reaching an intraday high of $16.83. This is classic consolidation after a push, often a setup for active traders to track for the next range break.

TeraWulf is still early in its earnings power story, with revenue sitting at around $168.5M annually but deeply negative margins and heavy capital expenditures weighing on its balance sheet.