TeraWulf jumps on preliminary Q3 results, bullish rating

Terawulf

28/10/2025 13:50

Updates

** TeraWulf's WULF.O shares rise nearly 17.5% to about $16 in early trading, after co reports preliminary Q3 results

** Co expands partnership with Fluidstack, which represents about $9.5 bln in contracted revenue

** It expects Q3 adj. core profit between $15 mln and $19 mln

** Oppenheimer initiates co with 'outperform' rating, sets PT at $20; new PT represents 46.6% upside on stock's last close

** Brokerage says WULF is transitioning from a bitcoin miner to a high performance compute AI infrastructure company

** Says co's infrastructure has enabled it to sign attractive contracts with highest credit quality customers in the AI industry

** 11 of 12 brokerages rate stock "buy" or higher and one "hold"; their median PT is $15.25 - data compiled by LSEG

** Including session's moves, shares up about 181.9% YTD

 (Reporting by Parth Chandna)

 ((Parth.Chandna@thomsonreuters.com;))