Crypto
WULF Stock Surges on Bullish Sentiment for AI Infrastructure Plans
TeraWulf Inc.'s stock has been rising by 5.52% after investors became more optimistic about its expanding bitcoin mining capacity.
The company is pivoting from pure bitcoin mining to long-duration AI and high-performance computing infrastructure, anchored by a 20-year lease with Anthropic worth an estimated $19-$33 billion.
TeraWulf posted Q2 revenue of $44.8 million, missing the consensus estimate of $46.0 million, but analysts remain bullish on its future growth prospects.