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TeraWulf jumps on preliminary Q3 results, bullish rating

ReutersOct 28, 2025 1:50 PM

TeraWulf's WULF.O shares rise nearly 17.5% to about $16 in early trading, after co reports preliminary Q3 results

Co expands partnership with Fluidstack, which represents about $9.5 bln in contracted revenue

It expects Q3 adj. core profit between $15 mln and $19 mln

Oppenheimer initiates co with 'outperform' rating, sets PT at $20; new PT represents 46.6% upside on stock's last close

Brokerage says WULF is transitioning from a bitcoin miner to a high performance compute AI infrastructure company

Says co's infrastructure has enabled it to sign attractive contracts with highest credit quality customers in the AI industry

11 of 12 brokerages rate stock "buy" or higher and one "hold"; their median PT is $15.25 - data compiled by LSEG

Including session's moves, shares up about 181.9% YTD

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