What's Going On With Bitcoin-Miner TeraWulf Stock After Earnings?
Portfolio Pulse from Erica Kollmann
TeraWulf, Inc. (NASDAQ:WULF) shares rose after reporting Q4 financial results, with a significant increase in self-mining capacity and Bitcoin production, despite missing earnings and sales estimates. The company aims to expand its mining capacity and explore HPC and AI applications. Cantor Fitzgerald maintained a $4 price target.
March 20, 2024 | 4:44 pm
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TeraWulf, Inc. reported a significant increase in mining capacity and Bitcoin production in Q4, despite missing earnings and sales estimates. The company plans to expand its mining capacity and explore AI applications.
The positive reaction in TeraWulf's stock price is likely due to the significant growth in its mining capacity and Bitcoin production, which may offset concerns about missing earnings and sales estimates. The company's ambitious expansion plans and exploration of AI applications could also contribute to investor optimism about its future growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100