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 Inc. (NASDAQ:WULF) reported its February 2024 production and operations update, highlighting a 16% increase in bitcoin mining to 364 bitcoins with an average daily production rate of over 12.5 bitcoins. The company's operational hashrate increased by 39% month-over-month to 7.5 EH/s, with a self-mining capacity expected to surpass 8.0 EH/s in March. TeraWulf's power cost per bitcoin was $13,968, and it is on track to expand its capacity to 10 EH/s by mid-2024 with the completion of Building 4 at the Lake Mariner facility.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:15 pm

Peter Schiff, a known Bitcoin critic, highlighted the recent downturn in Bitcoin mining stocks, such as the Valkyrie Bitcoin Miners ETF (WGMI), despite Bitcoin's price surge. On a specific day, WGMI dropped 8.39%, while mining companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) saw significant declines in their share prices. CleanSpark (CLSK) and TeraWulf (WULF) also experienced losses. This downturn occurred amidst Bitcoin's price increase from about $51,000 to a yearly high of $63,700, raising questions about the sustainability of Bitcoin and the mining sector.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 9:43 am

Crypto-related stocks, including BITF, COIN, and IREN, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 4:10 pm

Wall Street's most accurate analysts, with an 87% accuracy rate, have made new stock picks. Brian Bittner of Oppenheimer sees an 87% upside in Pinstripes Holdings Inc. (PNST) after a profitable Q3. William Power of Baird forecasts an 11% rise in Axon Enterprise, Inc. (AXON) ahead of its Q4 earnings. Jay McCanless of Wedbush predicts a 22% downside for Toll Brothers, Inc. (TOL) despite strong Q1 results. Josh Siegler of Cantor Fitzgerald expects a 98% surge in TeraWulf Inc. (WULF) following a debt repayment announcement. Chris Caso of Wolfe Research anticipates over a 14% increase in NVIDIA Corporation (NVDA) after impressive Q4 financials.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 12:34 pm

Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on TeraWulf (NASDAQ:WULF) and increased the price target from $3 to $4.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:23 pm

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. Notable activities include neutral to bullish sentiments on call options and bearish sentiments on put options for various expiration dates and strike prices. Companies like NVDA, SMCI, AMD, MRVL, QCOM, MARA, COMM, SNPS, CRWD, and WULF saw considerable options trading, suggesting investor interest in these stocks' future movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:35 pm

TeraWulf has announced surpassing a self-mining hashrate of 7.6 Eh/s and repaid $22 million of its term loan, extending the cash flow sweep to maturity.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:19 pm

Shares of crypto-related stocks are trading higher due to an increase in Bitcoin's value. This includes companies across various sectors within the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:20 pm

Shares of software companies, including ADEA, ADSK, AI, ANSS, and others, are trading lower due to rising Treasury yields following higher-than-expected U.S. January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:30 pm

Today's session highlighted significant whale activity in the Information Technology sector, with notable options trading on stocks like AMD, NVDA, ARM, PLTR, MARA, SMCI, CLSK, AAPL, WULF, and IOT. The trades varied in sentiment from bullish to bearish, involving both call and put options with varying expiration dates and strike prices. This activity could indicate upcoming movements in these stocks, driven by large investors' strategies.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm

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