24/7 Market News Snapshot 28 February, 2025 – TeraWulf Inc. Common Stock (NASDAQ:WULF)

February 28, 2025

DENVER, Colo., 28 February, 2025 (247marketnews.com) – (Nasdaq:WULF) are discussed in this article.
TeraWulf Inc. (Nasdaq:WULF) has demonstrated a strong performance today, with shares opening at $3.52 and climbing to $4.165, resulting in a robust increase of approximately 15.37%. This upward movement, driven by a trading volume of 127.38 million shares, indicates heightened investor interest and confidence. The stock has breached recent resistance levels, suggesting potential for further gains; however, traders are advised to keep an eye on key support levels to gauge risks amid the broader market dynamics.

In tandem with this market activity, TeraWulf reported significant financial milestones for the fourth quarter and full year ended December 31, 2024. The company achieved a remarkable 102% increase in revenue, amounting to $140.1 million, primarily propelled by enhanced bitcoin production and favorable average bitcoin prices. CEO Paul Prager highlighted the company’s strategic investments in AI-driven high-performance computing (HPC) hosting, emphasizing a commitment to utilizing predominantly zero-carbon energy sources to meet growing market demands.

Financial highlights included a non-GAAP adjusted EBITDA increase of 89%, reaching $60.4 million. The company effectively managed costs linked to its expanded mining capacity while proactively retiring legacy term loan debt, which bolstered liquidity for future HPC hosting growth through the issuance of convertible notes.

TeraWulf’s self-mining capacity surged by 94% year-over-year, reaching 9.7 EH/s, positioning the firm adeptly to address the increasing demand for compute infrastructure. As of year-end 2024, TeraWulf reported combined cash and bitcoin holdings totaling $275 million.

Moreover, the company authorized a $200 million share repurchase program, alongside $150 million in executed buybacks, signaling robust confidence in long-term value. With ongoing projects designed to enhance HPC hosting capabilities by an additional 72.5 MW, TeraWulf is poised to capitalize on emerging opportunities within the sector while continuing its leadership role in sustainable digital infrastructure.

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