
Shares of neocloud operators are sliding hard at midday Tuesday as investors reprice the group against a fresh set of AI spending worries and a sharp move higher in long rates.
Terawulf Inc. is a bitcoin mining company. The company is headquartered in Easton, Maryland.
| Revenue (TTM) | $165.19M |
| Gross Profit (TTM) | $114.42M |
| EBITDA | $-270.90M |
| Operating Margin | -307.00% |
| Return on Equity | -1212.00% |
| Return on Assets | -4.80% |
| Revenue/Share (TTM) | $0.38 |
| Book Value | $0.29 |
| Price-to-Book | 58.93 |
| Price-to-Sales (TTM) | 52.50 |
| EV/Revenue | 68.39 |
| EV/EBITDA | 75.47 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -6.00% |
| Shares Outstanding | $498.97M |
| Float | $383.90M |
| % Insiders | 22.92% |
| % Institutions | 88.96% |
Volatility is currently contracting

Shares of neocloud operators are sliding hard at midday Tuesday as investors reprice the group against a fresh set of AI spending worries and a sharp move higher in long rates.

Shares of Bitcoin (CRYPTO:BTC) miners pivoting to AI infrastructure are moving lower together Tuesday morning, with Cipher Mining (NASDAQ:CIFR) stock down 9% to $16.77 and TeraWulf (NASDAQ:WULF) shares down 7% to $16.45.

The 20Y Anthropic deal confirms the durability of AI compute demand, while lending credence to WULF's build-first-and-lease-later strategy. The acquisition of Morgantown Generating Station underscores their strategic positioning as a power-centric digital infrastructure provider monetizing the AI super cycle. The $27B backlog underpins WULF's near-term cash flow/balance sheet/bottom-line headwinds, as they ramp up their aggressive capex plans.

As the artificial intelligence (AI) race reshapes global markets, investors are looking beyond single-stock concentration and shifting focus toward the broader global supply chains powering the revolution.

The neocloud group is bouncing back midday Tuesday after a brutal stretch. Shares of TeraWulf (NASDAQ:WULF) are up 4% to $17, Hut 8 (NASDAQ:HUT) leads the group with a 7% gain to $91, Galaxy Digital (NASDAQ:GLXY | GLXY Price Prediction) is higher by 4% at $20, and Core Scientific (NASDAQ:CORZ) is up 4% to $20.

WULF is scaling HPC leasing with 102 MW operating, a $19 billion Anthropic deal and $1.45 billion liquidity as construction costs pressure near-term profits.

Investors considering TeraWulf stock should keep their position sizes moderate given the company's capital requirements, execution risks and history of volatility.

Shares of MARA Holdings (NASDAQ:MARA | MARA Price Prediction) are down 7% to $9.94 Friday afternoon, while Cipher Mining (NASDAQ:CIFR) shares are sliding 6% to $17.14 and TeraWulf (NASDAQ:WULF) shares are down 4% to $16.88.

TeraWulf NASDAQ: WULF said its second-quarter results reflected growing high-performance computing, or HPC, lease revenue as additional capacity came online at its Lake Mariner campus, alongside a broader expansion strategy that includes a major Anthropic lease in Kentucky, the acquisition of the Muskie Data Campus and a planned sale of its interest in the Abernathy joint venture.

TeraWulf Inc. (WULF) Q2 2026 Earnings Call Transcript
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