TeraWulf (WULF), a Bitcoin (BTCUSD) mining and information middle firm, noticed shares soar final week following a transformative deal backed by Alphabet (GOOGL). The corporate has signed two 10-year high-performance computing (HPC) colocation agreements with Fluidstack, a premier synthetic intelligence (AI) cloud platform. Value roughly $3.7 billion with optionally available extensions lifting the entire to $8.7 billion, the agreements leverage TeraWulf’s Lake Mariner campus’ 200 megawatts (MW) of capability.
Google is underwriting $1.8 billion in Fluidstack’s lease obligations and, in trade, will purchase about 41 million shares of WULF inventory, equating to an roughly 8% fairness stake. Whereas analysts have raised their value targets as excessive as $13, the deal alerts TeraWulf’s pivot into AI infrastructure and provides credibility.
So, does this information make WULF inventory price shopping for now?
Headquartered in Easton, Maryland, TeraWulf is a digital asset know-how firm that develops, owns, and operates environmentally sustainable Bitcoin mining amenities specializing in high-performance computing internet hosting. TeraWulf’s market capitalization stands at roughly $3.5 billion.
WULF inventory has staged a outstanding rally of late, surging 59% in a single day on Aug. 14 following the announcement of the AI internet hosting take care of Fluidstack backed by Google, triggering a dramatic rebound from its April low of $2.06. The momentum prolonged into the subsequent buying and selling day, including additional features and main shares to hit a excessive of $9.23 on Aug. 15.
WULF inventory has delivered a formidable 78% return year-to-date (YTD). Over the previous month alone, the inventory has surged 96% amid its strategic focus towards AI.
TeraWulf at present trades at a premium in comparison with the sector median at 24.37 instances ahead gross sales.
TeraWulf launched its second-quarter 2025 monetary outcomes on Aug. 8, showcasing a robust rebound with income surging 33.9% year-over-year (YOY) to $47.6 million. In the meantime, price of income rose to $22.1 million.
The corporate’s Bitcoin mining capability climbed 45.5% YOY to 12.8 EH/s, though self-mined Bitcoin dropped to 485 BTC because of the April 2024 halving and prior divestiture of a facility. On a brighter word, worth per Bitcoin soared to $98,219 from $65,984, whereas energy price per Bitcoin rose to $45,555, reflecting increased issue and power volatility.
