Key Takeaways TeraWulf generated $7.2M in initial HPC lease revenues after energizing 22.5 MW at Lake Mariner in Q3 2025.WULF reduced mining, with Bitcoin output falling 22% sequentially to 377 BTC, pressuring revenues.HPC capacity tied to $17B in assurances won't be online until 2026, extending near-term financial stress.TeraWulf (WULF) is accelerating its strategic pivot from Bitcoin mining to high-performance computing (HPC), but the transition is accompanied by clear near-term revenue risks. While the s ...

TeraWulf (NASDAQ: WULF) secured a critical regulatory approval on Monday night when officials in Lansing, New York, voted to classify its Lake Cayuga site for permitted industrial use. The decision resolves a zoning dispute that previously stalled the company’s plans to convert a former coal plant into a data center. The Town of Lansing voted 3-2 to approve TeraWulf’s third appeal to categorize the facility as “general processing.” The vote allows the company to move forward without seeking additional r ...

I’m bullish on TeraWulf ( WULF ) because the setup looks like a good mix of good assets and real demand. The macro tailwinds I think matter most are the ongoing surge inAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WULF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I ...

Core Viewpoint - Aurelius Capital Management has taken a significant position in TeraWulf, indicating confidence in the company's potential within the bitcoin mining sector [2][3][10] Group 1: Investment Details - Aurelius Capital Management acquired 450,000 shares of TeraWulf valued at approximately $5.1 million as of September 30 [3][6] - This new position represents 9.3% of Aurelius Capital's reportable assets under management (AUM) [4][6] - TeraWulf is now among the largest holdings in Aurelius Capital's portfolio, which has total U.S. equity AUM of $55.2 million across nine positions [3][4] Group 2: Company Overview - TeraWulf operates bitcoin mining facilities in New York and Pennsylvania, focusing on energy-efficient infrastructure for bitcoin mining [8][9] - The company reported a market capitalization of $5.2 billion and revenue of $167.6 million for the trailing twelve months (TTM) [5] - TeraWulf's net income for the TTM stands at a loss of $586.6 million [5] Group 3: Financial Performance - In the third quarter, TeraWulf reported revenue of $50.6 million, an increase of 87% year over year, driven by higher bitcoin prices and new high-performance computing lease revenue [11] - The company has secured over $17 billion in long-term, credit-enhanced high-performance computing contracts, shifting towards infrastructure-style cash flows [11] - TeraWulf's cash position was approximately $713 million at quarter-end, providing liquidity for expansion amid bitcoin market volatility [11]

Rosenblatt Securities lowered price targets and financial estimates for several bitcoin mining companies Friday, citing a sharp decline in mining profitability that highlights the growing importance ofAI and high-performance computing (HPC) revenue. The investment firm reiterated buy ratings for Cipher Mining (NASDAQ: CIFR), TeraWulf (NASDAQ: WULF), and Hut 8 (NASDAQ: HUT), favoring companies that are actively diversifying into AI and computing power. Analyst Chris Brendler noted that while pure-play Bitc ...

Key Takeaways Riot Platforms operates 1.86 GW of power capacity, supporting Bitcoin mining today and AI/HPC growth ahead.RIOT reported strong Q3 revenues and net income, aided by operating leverage and power curtailment credits.TeraWulf's AI push brings long-term contracts, but heavy debt, losses and execution risk pressure the stock.The Bitcoin mining sector is in a transition phase as operators are increasingly focusing on digital infrastructure and AI hosting to diversify revenues. TeraWulf (WULF) and Ri ...

Core Insights - TeraWulf Inc. has successfully priced project-level financing for a 168 MW high-performance computing (HPC) joint venture at its Abernathy, Texas campus, reinforcing its strategic partnership with Fluidstack and expanding AI demand [1][2] Financing and Project Details - The financing will support the development of a next-generation, liquid-cooled AI data center with a gross power capacity of up to 240 MW, including 168 MW for critical IT load, under a long-term hosting structure with investment-grade credit support [2] - Proceeds from the financing will be utilized for construction, establishing required reserves, and ensuring the facility is on track for commissioning in the second half of 2026 [3] Partnership and Market Position - The Abernathy project exemplifies the evolving partnership between TeraWulf and Fluidstack, focusing on repeatable site design, disciplined capital formation, and efficient delivery of large-scale AI infrastructure [4] - The demand for HPC compute is growing rapidly, necessitating multiple sourcing paths and diverse infrastructure partners, positioning the Abernathy campus as a competitive solution due to its scale and advanced design [5] Capacity Expansion and Market Outlook - The joint venture retains the ability to expand beyond the initial 168 MW phase, leveraging existing infrastructure to support incremental, high-density deployments as market demand scales [6] - TeraWulf and Fluidstack have established themselves as early leaders in structuring and financing AI compute infrastructure, with expectations to deploy an additional 250 MW to 500 MW of HPC capacity annually, having already secured over 500 MW to date [7][8] Leadership Commentary - TeraWulf's CEO emphasized that the financing is a significant step in scaling a platform designed for growth, validating their early focus on adaptable sites and relationships as the AI market evolves [9] - Fluidstack's CEO expressed satisfaction in strengthening their partnership with TeraWulf through this financing, aiming to deliver more next-generation capacity in future joint ventures [9]

TeraWulf (NASDAQ: WULF) and Fluidstack plan to offer $1.275 billion in senior secured notes to fund the development of high-performance computing infrastructure. The duo are making the offering under Flash Compute, a subsidiary of a joint venture that TeraWulf (NASDAQ: WULF) and Fluidstack created earlier this year. TeraWulf holds a 50.1% interest through Big Country Wulf, and Fluidstack owns the remaining 49.9% through its subsidiary Fluidstack CS I. The notes are due in 2030 and include a 50% excess c ...

We recently published 10 Big Names Investors Are Dumping. Terawulf Inc. (NASDAQ:WULF) is one of the worst performers on Wednesday. Terawulf fell by 10.93 percent on Wednesday to close at $11.57 apiece as investors trimmed their positions in AI-linked stocks over fears about their heavy spending on the industry. The drop was triggered by Blue Owl Capital’s withdrawal of its $10 billion financial backing for Oracle Corp.’s data center project in Michigan, amid the latter’s scale of borrowing to fund its AI ...

Key Points This former Bitcoin miner is accelerating its transition to becoming a pure-play compute provider. However, AI bubble concerns are once again impacting shares of all related firms in today's session. Let's dive into whether the market's concerns are warranted in relation to TeraWulf's future growth prospects. These 10 stocks could mint the next wave of millionaires › Just a few quarters ago, I'd argue that TeraWulf's (NASDAQ: WULF) price action was almost entirely tied to its cryptocu ...