
Bitcoin-linked data center operators are rebounding today as Bitcoin (CRYPTO:BTC) stabilizes near recent lows, and none of the intraday moves trace to a fresh company announcement.
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 | 55.02 |
| Price-to-Sales (TTM) | 49.87 |
| EV/Revenue | 64.9 |
| EV/EBITDA | 75.47 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -6.00% |
| Shares Outstanding | $498.97M |
| Float | $384.00M |
| % Insiders | 22.88% |
| % Institutions | 89.91% |
Volatility is currently contracting

Bitcoin-linked data center operators are rebounding today as Bitcoin (CRYPTO:BTC) stabilizes near recent lows, and none of the intraday moves trace to a fresh company announcement.

AI data center pure plays are unwinding together Friday, with a fiscal 2026 impairment charge at IREN Limited (NASDAQ:IREN) dragging capex-heavy peers. The broadening move signals investors re-pricing the group's transition costs across the cohort.

TeraWulf (WULF) has strategically pivoted from Bitcoin mining to high-margin high-performance computing (HPC) leases, securing major contracts with Google and FluidStack. WULF's aggressive data center buildout, including Chesapeake and Muskie campuses, underpins a projected ramp to 2,900 MW cloud capacity by decade's end. I see significant upside for WULF, supported by a potential 10-12x forward price-to-revenue multiple and robust AI-driven demand trends.

The pivot from Bitcoin mining to AI cloud infrastructure got messier this morning as IREN, the sector's most aggressive rebuild, wrote down its old business to make room for the new one.

TeraWulf (NASDAQ:WULF) stock is up 6% to $16.90 Thursday morning, while Applied Digital (NASDAQ:APLD) shares are climbing 5% to $28.12. Both names are riding a read-across from someone else's earnings report.

Despite the seasonal summer volatility, underlying technical trends, sentiment metrics, and tech fundamentals continue to build a strong foundation for equities.

Invesco QQQ Trust (NASDAQ:QQQ) offers AI exposure through the customers rather than the suppliers.

Crypto mining stocks are climbing Tuesday after Bitcoin (CRYPTO:BTC) topped $80,000, reaching a more than three-month high, but then dipped back below that key level.

EASTON, Md., Aug. 24, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a vertically integrated owner, developer and operator of large-scale digital infrastructure, today announced that the Kentucky Public Service Commission (“PSC”) has approved the Retail Electric Service Agreement (“RESA”) supporting up to 482 megawatts (“MW”) of electric service for TeraWulf's Justified Data Campus in Hancock County, Kentucky.

Friday's selling in AI-pivoting Bitcoin (CRYPTO:BTC) miners tracks their 2026 gains almost perfectly, a signature of profit-taking and position unwinding rather than a reassessment of any company's contracts or economics.
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