TeraWulf

WULF

Market cap $6.09B

Excessive volatility returned to the market in a big way last week. The S&P 500 dropped more than 4% Friday, following more tariff saber-rattling from the Trump administration.

TeraWulf is rapidly transitioning into a high-performance computing Data Center provider, benefiting from surging AI-driven CapEx investments. WULF's landmark deal with Fluidstack in August, backed by Google, significantly boosts its revenue backlog and cements its role with Tier 1 hyperscalers. The total value (based off of contracted value) of the Fluidstack deal now sits at $6.7B, following an option exercise shortly after the initial deal.

TeraWulf (WULF 10.54%), one of the numerous Bitcoin miners eagerly pursuing new revenue streams, was an investor favorite on the second trading day of the week. The company's shares enjoyed an over 10% rise that trading day thanks to some news on the financing front and an analyst's fresh price-target increase.

Q2 2025 revenue hit $47.6M (+34% YoY) with $14.5M EBITDA, signaling a shift beyond Bitcoin mining. Fluidstack–Google deal secures $3.7B over 10 years, expandable to $8.7B with added capacity. Google's $3.2B backstop and 14% stake strengthen credit profile and unlock cheaper capital.

EASTON, Md., Oct. 14, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf”), a leading owner and operator of vertically integrated, sustainable digital infrastructure, today announced that its wholly-owned subsidiary, WULF Compute LLC (“WULF Compute”), intends to offer, subject to market conditions and other factors, $3.2 billion aggregate principal amount of senior secured notes due 2030 (the “Notes”), in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

TeraWulf is pivoting from crypto mining to AI/HPC data center infrastructure, securing major deals with Core42 and Google/Fluidstack. TeraWulf's partnerships could generate up to $15.7B in revenue over a decade, with Google backstopping $3.2B in lease obligations and taking a 14% equity stake. Aggressive buildout targets and innovative deal structures position TeraWulf for rapid growth, with analysts forecasting near 100% CAGR in revenue over two years.

WULF's timely transition to HPC opportunities has been backed by the insatiable cloud demand and the higher data center related capex trends. This is especially since bitcoin miners face increasingly expensive operations from the April 2024 halving, the volatility arising from cryptocurrency trade, and the reduced supply moving forward. WULF has strategically leveraged its existing infrastructure across low-cost, predominantly zero-carbon power, racks, and cooling systems, along with veteran energy infrastructure management team.

TeraWulf is rated a buy with a $16.50 price target, offering 24% upside due to its AI and Bitcoin mining pivot. WULF's strategic shift to AI infrastructure, highlighted by a major Fluidstack/Google deal, diversifies revenue and reduces Bitcoin volatility risk. Strong Bitcoin seasonality, pro-crypto U.S. policies, and rising institutional adoption create a favorable environment for WULF's continued growth.

"Nothing's going to stop this train" when it comes to the A.I. trade, says @Stockstotrade's Tim Bohen.

TeraWulf is quickly transitioning from bitcoin mining to a digital infrastructure provider, securing major AI hosting contracts and Google backing. WULF's expanded deal with Fluidstack and a $3.2 billion Google commitment position the company for $760 million in annual revenue and strong cash flow. The company plans to scale power capacity to 1,150 MW by 2030, potentially doubling revenue to $1.5 billion annually as AI infrastructure demand grows.