TeraWulf Surged More Than 13% This Past Week. Is It Still a Buy?

Core Viewpoint - TeraWulf is gaining momentum as a crypto miner turned AI infrastructure stock, attracting investor interest due to its shift in business model and divestment from Bitcoin holdings, leading to a focus on future revenue and earnings growth potential [2]. Group 1: Company Performance - TeraWulf's stock has reached a fresh 52-week high, with a current price of $16.23 and a market cap of $6.8 billion, reflecting a significant increase from its 52-week low of $2.06 [3]. - The company has seen a positive shift in earnings expectations, with analysts projecting a loss of $0.17 in EPS for 2026, an improvement from the reported EPS of -$1.13 in the last quarter [6]. - Recent analyst upgrades have led to increased price targets from firms such as Oppenheimer and Cantor Fitzgerald, indicating a consensus that TeraWulf's fundamentals are expected to improve [7]. Group 2: Market Dynamics - The transition of TeraWulf from a crypto miner to an AI infrastructure provider aligns with broader market trends, which has contributed to the stock's recent performance and analyst optimism [8]. - The upcoming earnings report on February 26 is anticipated to provide further insights into the company's AI infrastructure developments and its potential to capture market share in a growing industry [6].