TeraWulf has been upgraded from Hold to Buy after its stock price dropped to $15, making its valuation more attractive. The company has shifted focus from bitcoin mining to high-performance computing (HPC) leasing, with over 70% of its revenue now coming from AI infrastructure contracts. Contracted revenue has doubled to $27 billion, with 839 MW leased and a 2.1 GW pipeline. However, significant capital expenditure and dilution risks remain, and the analyst awaits evidence of reduced cash burn and successful project delivery before recommending a Strong Buy.
IREN Limited's stock fell sharply after reporting a $684 million loss, mainly due to non-cash write-downs from its Bitcoin mining hardware. Despite this, Bernstein analyst Gautam Chhugani set a high price target of $100, implying about 182% upside, b...
IREN Limited reported a $638.8 million impairment on older Bitcoin mining equipment, causing its stock to drop 13% and triggering a selloff among AI data center peers like Applied Digital and TeraWulf, which fell around 7%. Despite strong revenue gro...
TeraWulf (WULF) has transitioned from Bitcoin mining to leasing high-performance computing (HPC) capacity, securing significant contracts with Google and FluidStack. This strategic pivot supports its aggressive data center expansion, aiming to reach ...
IREN reported a $639 million impairment on its old Bitcoin mining equipment, causing a 6% stock drop despite its AI Cloud business more than doubling revenue to $128.8 million. The writedown led to a fiscal 2026 net loss of $702.6 million, overshadow...
TeraWulf and Applied Digital shares jumped 6% and 5% respectively after NVIDIA reported record revenue and strong guidance for AI data center growth. NVIDIA's Q2 revenue of $96.2 billion beat expectations, with data center revenue up 117%, signaling ...
