TeraWulf Stock Soars: The Bitcoin Miner Defying Gravity in 2025
Wall Street's latest adrenaline rush comes stamped with a blockchain logo. TeraWulf—the Bitcoin mining underdog—just turned into a market darling overnight. Here's why traders are fumbling for the 'buy' button.
Hashrate Meets Hypergrowth
While legacy sectors choke on inflation reports, TeraWulf's ASICs are printing digital gold at record efficiency. Their Q2 earnings didn't just beat estimates—they vaporized them. (Cue the institutional FOMO.)
The Energy Arbitrage Play
Cheap nuclear power contracts and stranded energy deals gave this miner an edge sharper than a Satoshi whitepaper. When Bitcoin's price sneezed last month, TeraWulf kept mining profitably—because fundamentals still matter (occasionally).
Short Sellers Get Rekt
Today's 40% surge isn't just a rally—it's a liquidation party. Bears who bet against crypto's infrastructure learned the hard way: never short a company that literally minted money during the last Fed rate hike.
As the stock cools off from its parabolic move, one question lingers: Is this sustainable growth or just another speculative bubble inflated by yield-starved hedge funds? Either way—the volatility's free entertainment.
TeraWulf signs a massive deal for AI data center space
Along with releasing its second-quarter earnings, TeraWulf announced a major co-location deal with Fluidstack, an artificial intelligence (AI) cloud provider that will see the company provide 200 megawatts of compute power at its data center in New York. The 10-year, $3.7 billion deal has the option to be extended twice for up to a total of $8.7 billion.
Google will guarantee up to $1.8 billion if Fluidstack fails to make good on its lease obligations. In exchange, Google will be awarded warrants for 41 million shares of TeraWulf, about an 8% stake. The guarantee will allow TeraWulf to access the financing it needs to provide the 200 megawatts of compute power.
Image source: Getty Images.
TeraWulf stock is hot, but investors should exercise caution
This is the latest major data center deal as big tech races to build enough capacity to meet current and projected future demands. It's hard to overstate just the scale of the efforts. Google,,, andalone are expected to spend roughly $400 billion next year and are on track to spend more than $350 billion this year. That's not total capital expenditures (capex), that is specifically data center capex.
While this presents an enormous opportunity for data center providers, it also presents an enormous risk. I believe that the big tech companies are very purposefully making deals such as this one to offload the risk onto third parties. TeraWulf and other infrastructure companies like it are taking on enormous amounts of debt at very high interest rates. If there is an overbuild or AI demand sags, TeraWulf could find itself in a pretty precarious position.
