Terawulf Inc (NASDAQ:WULF) shares are continuing their rally on Friday, building on recent gains after the company announced a significant deal positioning it as a key player in the artificial intelligence infrastructure space. The stock surged over 40% during midday trading on Thursday following the news and is higher by 78% since Monday’s session open.
What To Know: On Thursday, TeraWulf revealed two 10-year high-performance computing (HPC) colocation agreements with Fluidstack. These agreements represent approximately $3.7 billion in contracted revenue and involve supplying over 200 MW of power from TeraWulf's Lake Mariner data center in New York. The deal includes extension options that could increase the total contract value to $8.7 billion.
Fueling investor excitement, Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google is backing $1.8 billion of Fluidstack’s lease obligations and will receive warrants to acquire an approximate 8% equity stake in TeraWulf. This strategic alignment with a global AI leader provides a significant vote of confidence.
The announcement comes on the heels of a strong financial report last week. For the second quarter, TeraWulf posted a loss of 5 cents per share, beating the consensus estimate for a loss of 7 cents.
Sales also topped expectations at $47.64 million versus a $46.08 million estimate. Adding to the catalysts, CEO Paul Prager highlighted the recent integration of his former energy firm, Beowulf Electricity & Data, a move expected to streamline operations and reduce costs.
Price Action: According to data from Benzinga Pro, WULF shares are trading higher by 2.6% to The stock has a 52-week high of and a 52-week low of
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How To Buy WULF Stock
By now you're likely curious about how to participate in the market for TeraWulf – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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