Latest news with #WULF
Business Insider
an hour ago
- Business
- Business Insider
Why Google Is Betting Big on TeraWulf's (WULF) Shift to AI Infrastructure?
TeraWulf (WULF), once focused on Bitcoin mining, is now expanding into AI infrastructure, and Alphabet's (GOOGL) Google is supporting this move. The tech giant is providing additional financial support for TeraWulf's Lake Mariner data center in New York. Following the news, TeraWulf stock rallied and hit a new 52-week high of $10.71. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The new agreement provides TeraWulf with up to $1.4 billion in additional funding from Google, bringing the total investment to about $3.2 billion. This deal increases Google's stake in the company to 14% from 8% and includes an option to purchase an additional 32.5 million shares. Google Looks to Support Fluidstack Deal This announcement comes after WULF stock skyrocketed last week on securing two 10-year computing deals with AI cloud provider Fluidstack. The plan includes a new data center that will add 160 megawatts (MW) of IT capacity at the Lake Mariner campus. TeraWulf also stated that the deal is expected to generate $6.7 billion in contracted revenue, with potential to reach $16 billion through lease extensions. Operations at the expanded facility are anticipated to begin in the second half of 2026. Separately, WULF also launched a $400 million convertible notes offering to fund expansion, signaling confidence in its long-term growth strategy. Backed by Google, the deal helps reduce financial risk and reflects that TeraWulf's shift from crypto to AI is gaining support. As demand for powerful AI hosting grows, this move could be a big step forward for TeraWulf. Is WULF a Good Stock to Buy? Turning to Wall Street, WULF stock has a Strong Buy consensus rating based on 10 Buys and two Holds assigned in the last three months. At $11.08, the average TeraWulf stock price target implies a 17.25% upside potential.
Yahoo
19 hours ago
- Business
- Yahoo
TeraWulf Launches $400 Million Convertible Notes Offering To Fund Data Center Expansion
TeraWulf (NASDAQ:WULF), an operator of vertically integrated, predominantly zero-carbon digital infrastructure, launched a private offering of $400 million aggregate principal amount of convertible senior notes due 2031. The company may also grant initial purchasers a 13-day option to buy up to an additional $60 million of notes. TeraWulf plans to use the proceeds primarily to fund capped call transactions to reduce dilution from potential note will allocate the remaining proceeds toward expanding its data centers and supporting general corporate purposes. The notes will be senior unsecured obligations, paying semiannual interest starting March 1, 2026, and maturing September 1, 2031. Regarding pricing, TeraWulf expects to enter into capped call transactions with financial institutions to mitigate dilution from potential conversions. Separately, TeraWulf announced that Fluidstack has expanded its footprint at the Lake Mariner data center campus in Western New York. The expansion introduces CB-5, a new purpose-built data center that will add 160 MW of critical IT load when operations begin in the second half of 2026. As part of the CB-5 lease, Alphabet's (NASDAQ:GOOGL) (NASDAQ:GOOG) Google committed an additional $1.4 billion to backstop project-related debt financing and secured warrants to purchase 32.5 million TeraWulf shares. This new commitment raises Google's total backstop to $3.2 billion and expands its pro forma equity stake in TeraWulf to about 14%. The CB-5 lease mirrors the economics of Fluidstack's earlier CB-3 and CB-4 agreements, ensuring consistent terms across the Lake Mariner buildout. With CB-5, TeraWulf boosts Fluidstack's total contracted capacity to approximately 360 MW, making Lake Mariner one of the largest high-performance computing campuses in the United States. TeraWulf and Fluidstack are also discussing further expansions to meet growing AI demand. TeraWulf stock has gained close to 59% year-to-date and over 78% in the last five days upon the Google deal. TeraWulf shares extended their rally last Friday after the company cemented a landmark deal, strengthening its role in artificial intelligence infrastructure. The stock jumped more than 40% in last Thursday's midday trading and has climbed 78% since Monday's open. On Thursday, TeraWulf signed two 10-year high-performance computing (HPC) colocation agreements with Fluidstack, locking in approximately $3.7 billion in contracted revenue. Under the agreements, TeraWulf will supply more than 200 MW of power from its Lake Mariner data center in New York, with extension options that could lift the contract's total value to $8.7 billion. Google fueled momentum by backing $1.8 billion of Fluidstack's lease obligations and securing warrants for an 8% equity stake in TeraWulf. The announcement followed a stronger-than-expected quarterly report. TeraWulf reported a second-quarter loss of 5 cents per share, beating the 7-cent loss forecast. Sales reached $47.64 million, above the $46.08 million estimate. CEO Paul Prager also pointed to integrating Beowulf Electricity & Data to streamline operations and cut costs. Price Action: WULF stock is trading lower by 4.01% to $8.620 premarket at last check Monday. Photo by Gorodenkoff via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article TeraWulf Launches $400 Million Convertible Notes Offering To Fund Data Center Expansion originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Insider
3 days ago
- Business
- Business Insider
B.Riley Financial Remains a Buy on TeraWulf Inc (WULF)
Financial analyst Lucas Pipes maintained a Buy rating on TeraWulf Inc yesterday and set a price target of $14.00. The company's shares closed yesterday at $8.97. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Pipes is a 5-star analyst with an average return of 25.5% and a 51.94% success rate. In addition to Financial, TeraWulf Inc also received a Buy from Citizens JMP's Gregory P Miller in a report issued yesterday. However, on the same day, KBW maintained a Hold rating on TeraWulf Inc (NASDAQ: WULF). WULF market cap is currently $3.41B and has a P/E ratio of -25.33. Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WULF in relation to earlier this year. Most recently, in June 2025, Catherine J. Motz, a Director at WULF sold 21,182.00 shares for a total of $83,033.44.
Yahoo
10-08-2025
- Business
- Yahoo
TeraWulf Second Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag
Explore TeraWulf's Fair Values from the Community and select yours TeraWulf (NASDAQ:WULF) Second Quarter 2025 Results Key Financial Results Revenue: US$47.6m (up 34% from 2Q 2024). Net loss: US$18.4m (loss widened by 65% from 2Q 2024). US$0.047 loss per share (further deteriorated from US$0.033 loss in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period TeraWulf EPS Beats Expectations, Revenues Fall Short Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 18%. Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Performance of the American Software industry. The company's shares are up 5.7% from a week ago. Risk Analysis Before we wrap up, we've discovered 3 warning signs for TeraWulf (1 shouldn't be ignored!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
08-08-2025
- Business
- Yahoo
TeraWulf Inc. (WULF) Reports Q2 Loss, Tops Revenue Estimates
TeraWulf Inc. (WULF) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25.00%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.16, delivering a surprise of -128.57%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. TeraWulf, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $47.64 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.30%. This compares to year-ago revenues of $35.57 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TeraWulf shares have lost about 12.7% since the beginning of the year versus the S&P 500's gain of 7.8%. What's Next for TeraWulf? While TeraWulf has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TeraWulf was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $52.89 million in revenues for the coming quarter and -$0.17 on $196.75 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, HIVE Digital Technologies (HIVE), is yet to report results for the quarter ended June 2025. This crypto currency mining company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 95% lower over the last 30 days to the current level. HIVE Digital Technologies' revenues are expected to be $45.36 million, up 40.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TeraWulf Inc. (WULF) : Free Stock Analysis Report HIVE Digital Technologies Ltd. (HIVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
