
The AI infrastructure trade is moving higher as investors focus on long-term power access and contracted revenue, with Cipher Digital leading a group that includes TeraWulf and Applied Digital.
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 | 58.02 |
| Price-to-Sales (TTM) | 49.20 |
| EV/Revenue | 67.57 |
| EV/EBITDA | 75.47 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -6.00% |
| Shares Outstanding | $498.97M |
| Float | $384.05M |
| % Insiders | 22.88% |
| % Institutions | 89.96% |
Volatility is currently contracting

The AI infrastructure trade is moving higher as investors focus on long-term power access and contracted revenue, with Cipher Digital leading a group that includes TeraWulf and Applied Digital.

UBS has initiated coverage on five AI data center colocation stocks with Buy ratings, citing constrained compute supply and favorable power access positioning the group for rapid growth as AI adoption accelerates. The bank started coverage of Hut 8 Mining Corp (TSX:HUT, Unlisted (US):HUTMF), TeraWulf (NASDAQ:WULF), Applied Digital (NASDAQ:APLD), Core Scientific (NASDAQ:CORZ) and Cipher Digital (NASDAQ:CIFR), pointing to their cryptomining legacies and grid access as key advantages.

The buying in artificial intelligence (AI) buildout names on Friday afternoon has a picky shape. Wolfspeed (NYSE:WOLF | WOLF Price Prediction) is running hard while the group it usually trades with barely moves.

Shares of Applied Digital (NASDAQ:APLD) and TeraWulf (NASDAQ:WULF) are rebounding Thursday morning as the oversold AI capacity trade catches a bid, with the sector fund and the broad tape also higher. Applied Digital stock is up 5% to $25.

TeraWulf (NASDAQ:WULF) shares are running higher on Wednesday as buying returns to a narrow group of Bitcoin miners that have pivoted their platforms toward artificial intelligence hosting. The stock is up 7% to $15.

TeraWulf (NASDAQ:WULF) stock is declining 5% to $14.71 in Tuesday morning trading, extending a slide that has taken the shares down 15% over the past month.

Shares of TeraWulf (NASDAQ:WULF) are up 7% to $17.33 in Friday midday trading, leading a broad rebound across the Bitcoin (CRYPTO:BTC) miner complex after a soft prior session. Also higher, Applied Digital (NASDAQ:APLD) stock is climbing 4% to $26.74.

Former Bitcoin miners are quietly signing billion-dollar contracts with hyperscalers and frontier AI labs, and the reason has nothing to do with GPUs. Three mid-cap stocks are racing to claim the one bottleneck even NVIDIA cannot manufacture.

Shares of TeraWulf (NASDAQ:WULF) are down 4% to $16.50 in Thursday's midday session, trimming a slice of what's been a 43.6% year-to-date advance for the stock.

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.
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