Streetbeat News

WULF

TeraWulf Inc.

https://www.terawulf.com

Industry

Financial - Capital Markets

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

Open

7.10

Mkt cap

2.8B

Volume

23M

High

7.25

P/E Ratio

-42.24

52-wk high

9.30

Low

6.74

Div yield

N/A

52-wk low

1.01

TeraWulf announced it is on track to reach approximately 10.2 EH/s in hashing power by Q3 2024 and plans to expand to about 13.3 EH/s by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:26 pm

TeraWulf (NASDAQ:WULF) reported Q1 2024 earnings with a GAAP EPS of $(0.03), missing the $0.04 estimate, and sales of $42.433M, below the $51.092M estimate. Despite these misses, both earnings and sales showed significant improvement from the same period last year, with earnings increasing by 81.25% and sales by 267.93%.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:09 pm

TeraWulf Inc (NASDAQ:WULF) shares increased by 11.2% to $2.43 without specific company news. The company reported mining 348 Bitcoins in April, with a power cost of $16,058 per bitcoin. It replaced older miners with 3,000 S19k Pro models, bringing the total to 4,100. Bitcoin production decreased by 5% from March, with 68% mined before the April 19th halving. Transaction fees increased post-halving, offsetting reduced block subsidies. Construction of Building 4 at Lake Mariner is on schedule, expected to enhance operational capacity. TeraWulf is also planning a high-performance computing (HPC) / AI project at Lake Mariner.

Portfolio Pulse from Henry Khederian

May 06, 2024 | 4:22 pm

TeraWulf (NYSE:WULF) has seen a 5.2% increase in its short percent of float, now at 17.4% with 39.67 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peers' average of 6.39%. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the price to fall. However, high short interest can also lead to bullish outcomes under certain conditions.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:00 pm

TeraWulf Inc. (NASDAQ:WULF) announced its April 2024 production and operations update, revealing it self-mined 348 Bitcoin with an 8.0 EH/s hash rate and 98% utilization. The company is nearing completion of Building 4 at Lake Mariner, aiming for a 10.0 EH/s capacity by mid-2024. Operational improvements include replacing older miners with 3,000 S19k Pro miners, increasing the total to 4,100. Despite a 5% decrease in production from March, transaction fees post-Bitcoin halving mitigated revenue losses. TeraWulf is also advancing a high-performance computing/AI project at Lake Mariner.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 12:20 pm

Crypto stocks CIFR, CLSK, COIN, HUT, MARA, RIOT, and WULF are trading lower due to a decline in Bitcoin prices ahead of the Federal Reserve's interest rate decision.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:37 am

TeraWulf (WULF) saw a significant options activity with a sweep of 3000 Aug 16 $5.5 calls at $0.25, compared to an open interest of 11299. This activity comes ahead of their estimated earnings report on May 13, before the market opens, with the stock reference price at $2.27.

Portfolio Pulse from Charles Gross

April 19, 2024 | 4:09 pm

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 3:14 pm

TeraWulf (NYSE:WULF) has seen a 9.97% increase in short interest, with 37.69 million shares sold short, representing 16.54% of its float. This is significantly higher than its peer group average of 5.96%. The rise in short interest suggests a bearish market sentiment towards WULF, but it's also noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:45 pm

Rosenblatt analyst Andrew Bond initiates coverage on TeraWulf (NASDAQ:WULF) with a Buy rating and a price target of $4.2.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:22 pm

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