TeraWulf Inc. - Common Stock (WULF)

TeraWulf Inc (NASDAQ: WULF) reports weak Q1 results, but strong mining expected in current quarter. Analyst reiterates Buy rating with $4 target.

Crypto stocks rallied in tandem with Bitcoin’s surge, with Riot Platforms, TeraWulf, and Marathon Digital rising more than 5% in pre-market trade on Thursday.

The world’s largest cryptocurrency has now rebounded 23% from its February trough of $78,900.

Bitcoin (CRYPTO: BTC) had a blowout April, rising 15% and closing near $94,300.

Rosenblatt analyst maintains Buy on TeraWulf with lowered price target; company well-positioned in Bitcoin mining and HPC, but underperforms peers due to execution and AI concerns.

Analyst expects 20% increase in materials costs for HPC capex & US bitcoin mining. Manufacturers may eat tariffs but operate on thin margins.