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 Q2 earnings with revenue beating estimates but EPS missing expectations. The company saw a 21% decline in Bitcoin mining year-over-year and increased power costs per Bitcoin. Despite these challenges, TeraWulf's operational hash rate grew significantly, and the company repaid substantial debt. The stock was flat in after-hours trading.

Portfolio Pulse from Adam Eckert

August 12, 2024 | 8:38 pm

TeraWulf (NASDAQ:WULF) reported Q2 2024 GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $35.574M beat the $35.439M estimate. EPS improved by 62.5% YoY, and sales increased by 130.16% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:17 pm

Shares of crypto-linked stocks are trading higher amid a rebound in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:27 am

TeraWulf Inc. (NASDAQ:WULF) reported its July 2024 production and operations update, highlighting the mining of 195 Bitcoin, a 100% year-over-year increase in self-mining capacity to 10 EH/s, and significant power cost savings through demand response activities.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:56 pm

Shares of Kellanova (NYSE:K) surged 14.5% in pre-market trading following a report that Mars is considering acquiring the company. Other notable pre-market movers include MGO Global, Inc. (NASDAQ:MGOL), Zevra Therapeutics, Inc. (NASDAQ:ZVRA), and Aqua Metals, Inc. (NASDAQ:AQMS), among others.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 12:54 pm

Several major stocks, including MicroStrategy, Cipher Mining, and TeraWulf, are experiencing significant declines in Monday's pre-market session, driven by a sharp drop in Bitcoin prices and other market factors.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 10:39 am

Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:30 pm

July saw a stark contrast in the Bitcoin mining sector, with traditional miners like Cipher Mining and Riot Platforms thriving, while AI-exposed miners such as Iris Energy and TeraWulf faced significant setbacks. The broader Bitcoin market experienced volatility, with prices fluctuating and mining profitability declining.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 1:23 pm

Shares of crypto-linked stocks are trading higher after Bitcoin rose above $67,000.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:08 pm

TeraWulf Inc. (NASDAQ:WULF) and Hut 8 Corp. (NASDAQ:HUT) have shown impressive YTD returns of over 40% in the small-cap crypto mining sector. TeraWulf's stock is up 128% YTD, driven by debt elimination and sustainable energy initiatives. Hut 8 has gained 40% YTD, bolstered by strategic energy partnerships.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 7:06 pm

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