Overview
- Shares climbed as much as roughly 11% on Tuesday, with Benzinga noting an 8.34% intraday gain to $14.94.
- The move tracked a broader tech upswing after Insider Monkey reported Nvidia took a $2 billion stake in CoreWeave, reinforcing appetite for AI infrastructure plays.
- TeraWulf has shifted from pure bitcoin mining toward high‑performance computing and AI services, and the stock is up about 235% over 12 months with bullish technical signals reported by Benzinga.
- Yahoo Finance summarized a Substack thesis claiming multibillion‑dollar contracted HPC revenue, large leased power capacity, and Google involvement, though these points reflect third‑party assertions rather than company disclosures.
- Analyst coverage remains constructive with recent buy‑rated targets, and investors are watching the Feb. 27 report, where Benzinga cites estimates for a $0.15 loss per share on about $44 million in revenue.