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On Monday, shares of NASDAQ:WULF opened at $1.33, marking another day of volatility for the cryptocurrency company’s share price. TeraWulf, with a quick ratio, trading ratio of 0.40 and a debt-to-equity ratio of 0.83, has been on the market for just over a year with a low of $0.54 and a high of $2.47 over that time.

However, it is important to note that TeraWulf is not your typical cryptocurrency company. Instead of relying on traditional energy sources such as coal or natural gas to power its bitcoin mining facilities, TeraWulf uses nuclear, hydro, and solar power to generate locally produced bitcoins while promoting a cleaner environment.

Founded by Paul Prager and Nazar Khan on February 8, 2021 in Easton, Maryland, TeraWulf aims to revolutionize the way we think about cryptocurrency mining by providing an environmentally friendly alternative in an industry that has historically destroyed our planet.

Despite its lofty mission statement, TeraWulf recently reported less-than-stellar earnings results for the quarter ended May 15th with EPS ($0.16) — missing the consensus estimate of ($0.04) by ($0.12) — and total revenue of 11.53 million. only dollars compared to a consensus estimate of $14.70 million.

These were undoubtedly disappointing results for investors who likely expected more positive news from the young company that only started trading last year.

However, with a clear commitment to sustainability and innovation in an industry known for its disregard for environmental concerns, it will be interesting to see where TeraWulf goes from here as it continues its journey into the world of clean cryptocurrency mining.

TeraWulf Inc.


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Updated on: 12/06/2023

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Present $1.32

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TeraWulf Inc: A leader in environmentally clean bitcoin mining with strong investor backing.

TeraWulf Inc. (NASDAQ: WULF) is a major player in the bitcoin industry, through its integrated, environmentally clean bitcoin mining facilities in the United States. The company uses nuclear, hydro and solar energy to generate locally produced bitcoin. Founded by Paul Prager and Nazar Khan in February 2021, TeraWulf is headquartered in Easton, MD.

Recently, institutional investors have consolidated their stakes in TeraWulf. Vanguard Group Inc. increased Its share increased by a staggering 5,028% during the first quarter of this year. BlackRock Inc. has also and Van ECK Associates Corp. and Exchange Traded Concepts LLC made large purchases of TeraWulf shares during this period.

Despite these developments, earnings per share estimates for the second quarter of 2023 for Tirawolf remain subject to change. B. Riley raised its forecast from ($0.01) to $0.00 per share for the quarter ended June 9, citing positive market trends as a factor driving these adjustments.

Looking ahead, market experts are forecasting an EPS of $0.01 for Q3 2023 earnings and an estimated full year loss ($0.19) per share for TeraWulf.

In other news regarding the company’s growth strategy, CEO Paul B Prager recently acquired 100,000 shares of TeraWulf stock at an average price of $1.37 per share — for a total of $137,000 — on April 11 of this year.

As it now stands with a lot of uncertainty surrounding the outlook and income rates there will be more scope for changes especially with upcoming regulations that are set to impact environmental friendliness which could impact operations like that at Terawolf either positively or negatively depending on how they are managed risks ahead amid changes in public opinion regarding green industries; Only time can tell how well TeraWulf has navigated through all of these factors and changes.