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 has successfully repaid $30.1 million of its debt, reducing its total outstanding debt to $75.9 million. This financial maneuver demonstrates the company's commitment to reducing its leverage and improving its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:22 pm

TeraWulf, identified by its ticker symbol WULF, has successfully repaid $301 million in debt, significantly reducing its financial obligations. The company now has a remaining debt of $75.9 million.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:01 pm

B. Riley Securities analyst Lucas Pipes maintains a Buy rating on TeraWulf (NASDAQ:WULF) but lowers the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:52 pm

TeraWulf Inc. reported mining 379 Bitcoin in March, achieving an average daily production rate of 12.2 Bitcoin. This performance showcases the company's operational capabilities in the cryptocurrency mining sector.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:12 pm

A JPMorgan analyst noted Bitcoin's price soared to $67,600 in March, with mining profitability improving as the hash rate reached 600 EH/s, up 80% year-over-year. Marathon Digital Holdings, CleanSpark, Cipher Mining, Wulf Mining, and Bitfarms were highlighted for their market cap and performance. CleanSpark outperformed Bitcoin's return, with Marathon having the highest reported hash rate. The upcoming Bitcoin halving event is expected to cause volatility in stock performance.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 7:16 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on TeraWulf (NASDAQ:WULF) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 1:04 pm

Wall Street's most accurate analysts have made new stock picks for Q1, highlighting potential gains in companies like O'Reilly Automotive, Matador Resources, Leggett & Platt, Worthington Steel, and TeraWulf. These picks come after the S&P 500 and Dow Jones recorded their best first-quarter performances in years, with analysts from firms like Roth MKM, Truist Securities, Wells Fargo, Keybanc, and Cantor Fitzgerald providing their insights.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 5:14 am

In the past three months, TeraWulf (NASDAQ:WULF) received mixed analyst ratings, with a recent shift towards a somewhat bullish outlook. The average 12-month price target is $3.88, reflecting a 3.47% increase from the previous target. Analysts from Cantor Fitzgerald and Compass Point have adjusted their ratings and price targets, indicating a nuanced view of TeraWulf's market position and financial performance. TeraWulf, a digital asset technology company, focuses on sustainable bitcoin mining in the U.S., showing significant revenue growth and operational challenges.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 5:00 pm

Cantor Fitzgerald analyst Josh Siegler has reiterated an Overweight rating on TeraWulf (NASDAQ:WULF) and maintained a $4 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:17 pm

In Monday's pre-market session, several information technology stocks showed notable movements. Intellicheck (IDN) led the gainers with a 9.2% increase following its Q4 earnings release. Other gainers included Cemtrex (CETX), Sobr Safe (SOBR), MariaDB (MRDB), TeraWulf (WULF), and Lightwave Logic (LWLG). On the downside, Aehr Test Systems (AEHR) experienced the largest drop of 22.9%. Additional decliners were Banzai International (BNZI), Aurora Mobile (JG), Bridgeline Digital (BLIN), AEye (LIDR), and Movella Holdings (MVLA).

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 1:05 pm

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