TeraWulf Inc. (WULF)
3 Reasons to Sell TeraWulf Stock Now as Q3 Loss Widens Y/Y
WULF's Q3 loss balloons to $455M amid soaring costs and $5B+ debt. With execution risks mounting, investors should avoid this overvalued pivot play.
TeraWulf Inc. (WULF) Q3 2025 Earnings Call Transcript
TeraWulf Inc. ( WULF ) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST Company Participants John Larkin - Senior VP & Director of Investor Relations Paul Prager - Co-Founder, Chairman & CEO Patrick Fleury - Chief Financial Officer Nazar Khan - Co-Founder, CTO & Executive Director Conference Call Participants Mike Grondahl - Northland Capital Markets, Research Division Nick Giles - B. Riley Securities, Inc., Research Division Dillon Heslin - ROTH Capital Partners, LLC, Research Division Christopher Brendler - Rosenblatt Securities Inc., Research Division Stephen Glagola - JonesTrading Institutional Services, LLC, Research Division Justin Pan John Todaro - Needham & Company, LLC, Research Division Timothy Horan - Oppenheimer & Co. Inc., Research Division Presentation Operator Greetings, and welcome to the TeraWulf 2025 Third Quarter Earnings Conference Call.
TeraWulf Inc. (WULF) Reports Q3 Loss, Misses Revenue Estimates
TeraWulf Inc. (WULF) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.05 per share a year ago.
TeraWulf: High-Density HPC Contracts Drive Long-Term Infrastructure Value
TeraWulf's latest $9.5 billion, 25-year HPC deal with Fluidstack anchors predictable, multi-year revenue streams, and the joint venture structure spreads capital costs and limits WULF's upfront investment. WULF retains 51% control, managing expansion pace and operational decisions. The two Fluidstack deals provide up to $954 million in annual revenue potential, with projected NOI margins of 70% and a conservative asset value of $1.83 billion.
WULF Expands HPC Footprint With Fluidstack Pact: What's Ahead?
TeraWulf's new JV with Fluidstack boosts its HPC reach to 510 MW, improving long-term revenue visibility and prospects.
Is TeraWulf Stock's 31.18X PB Still Worth it? Buy, Sell, or Hold?
WULF's lofty valuation and widening losses overshadow gains from new AI and HPC deals, leaving investors wary.
TeraWulf: High-Impact Business Pivot
TeraWulf is rapidly transitioning into a high-performance computing Data Center provider, benefiting from surging AI-driven CapEx investments. WULF's landmark deal with Fluidstack in August, backed by Google, significantly boosts its revenue backlog and cements its role with Tier 1 hyperscalers. The total value (based off of contracted value) of the Fluidstack deal now sits at $6.7B, following an option exercise shortly after the initial deal.
TeraWulf: From Bitcoin Dust To AI Gold
Q2 2025 revenue hit $47.6M (+34% YoY) with $14.5M EBITDA, signaling a shift beyond Bitcoin mining. Fluidstack–Google deal secures $3.7B over 10 years, expandable to $8.7B with added capacity. Google's $3.2B backstop and 14% stake strengthen credit profile and unlock cheaper capital.
TeraWulf's 'Google Put' Is Groundbreaking
TeraWulf is pivoting from crypto mining to AI/HPC data center infrastructure, securing major deals with Core42 and Google/Fluidstack. TeraWulf's partnerships could generate up to $15.7B in revenue over a decade, with Google backstopping $3.2B in lease obligations and taking a 14% equity stake. Aggressive buildout targets and innovative deal structures position TeraWulf for rapid growth, with analysts forecasting near 100% CAGR in revenue over two years.
TeraWulf: Bitcoin Miner To HPC Powerhouse - Dip Buying Opportunity Ahead
WULF's timely transition to HPC opportunities has been backed by the insatiable cloud demand and the higher data center related capex trends. This is especially since bitcoin miners face increasingly expensive operations from the April 2024 halving, the volatility arising from cryptocurrency trade, and the reduced supply moving forward. WULF has strategically leveraged its existing infrastructure across low-cost, predominantly zero-carbon power, racks, and cooling systems, along with veteran energy infrastructure management team.
TeraWulf: Positioned To Ride The Bitcoin And AI Infrastructure Boom
TeraWulf is rated a buy with a $16.50 price target, offering 24% upside due to its AI and Bitcoin mining pivot. WULF's strategic shift to AI infrastructure, highlighted by a major Fluidstack/Google deal, diversifies revenue and reduces Bitcoin volatility risk. Strong Bitcoin seasonality, pro-crypto U.S. policies, and rising institutional adoption create a favorable environment for WULF's continued growth.
The Big 3: WULF, APLD, UUUU
"Nothing's going to stop this train" when it comes to the A.I. trade, says @Stockstotrade's Tim Bohen.
