TeraWulf Inc. (WULF) rallied 16.86% to $15.94, gaining $2.30, after announcing a strategic expansion of its AI-compute partnership with Fluidstack and reporting strong preliminary third-quarter 2025 financial metrics.
The company announced a joint venture with Fluidstack to develop a 168 MW AI compute facility in Abernathy, Texas, backed by a 25-year hosting commitment worth approximately $9.5 billion, in which TeraWulf holds a 51 percent stake. At the same time, the company projected Q3 revenue of $48-$52 million, an 84 percent year-over-year increase, and adjusted EBITDA of $15-$19 million, up from $6 million a year ago.
On the trading day, WULF opened at $13.50, reached a high of $16.20, and a low of $13.40, compared to the previous close of $13.64. Trading volume spiked significantly above average. The stock's 52-week range is $2.35 - $18.75.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.