Why terawulf Is Trending Today?

Google has invested $3.7 billion in Bitcoin miner TeraWulf, securing an 8% stake in the company. This strategic move is part of a mega deal focused on AI hosting. Following the announcement, TeraWulf's stock, trading under the symbol WULF, has experienced a significant surge this week. The deal, which comes at an opportune time for TeraWulf, has also led to an increase in the company's stock price target, now set at $10.50 by Rosenblatt. This partnership with Google places TeraWulf in direct competition with other AI-focused companies like SUBBD. The deal, which includes support from Google, will see TeraWulf and Fluidstack launch a large-scale AI project.

TeraWulf, a Bitcoin mining company, has seen its stock surge significantly following a major deal. The company has secured a $3.7 billion AI hosting deal, backed by Google, which has also taken an 8% stake in TeraWulf. This deal, which includes a $1.8 billion backstop from Google, has led to a notable increase in TeraWulf's stock price, with gains ranging from 22% to 45%.