TeraWulf (WULF) stock price soared 10.88% to $12.74, driven by AI-focused initiatives, including approval for its Cayuga Lake site and locking in $1.3 billion for its Abernathy data center joint venture. Despite a 30-day return rate being negative, the stock's one-year total shareholder return is 104.82%. Analysts emphasize its focus on Bitcoin mining, supported by institutional validation such as Google's $1.8 billion leasing support, although its 31.8x price-to-sales ratio indicates a valuation premium.
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TeraWulf (WULF) stock price soared 10.88% to $12.74, driven by AI-focused initiatives, including approval for its Cayuga Lake site and locking in $1.3 billion for its Abernathy data center joint venture. Despite a 30-day return rate being negative, the stock's one-year total shareholder return is 104.82%. Analysts emphasize its focus on Bitcoin mining, supported by institutional validation such as Google's $1.8 billion leasing support, although its 31.8x price-to-sales ratio indicates a valuation premium.