Bitcoin Miner TeraWulf's Stock Soars on Google-Backed AI Expansion Plans
On a largely bleak Tuesday for Bitcoin mining stocks, TeraWulf's share price soared nearly 17% after the Nasdaq-listed firm said it was adding more artificial intelligence compute power through an ongoing, Google-backed joint venture with AI cloud company Fluidstack. TeraWulf stock (WULF) closed at $17 per share following the news. Shares have since dipped to $16.24 in after-hours trading, according to Yahoo Finance. The Easton, Maryland-based company said the two will develop 168 MW of critical IT load a ...