TeraWulf (WULF) has transitioned from Bitcoin mining to leasing high-performance computing (HPC) capacity, securing significant contracts with Google and FluidStack. This strategic pivot supports its aggressive data center expansion, aiming to reach 2,900 MW cloud capacity by 2030. The move positions TeraWulf to benefit from growing AI and data center demand, though risks include ongoing losses from debt-funded growth and potential shareholder dilution from new equity issuance.
IREN reported a $639 million impairment on its old Bitcoin mining equipment, causing a 6% stock drop despite its AI Cloud business more than doubling revenue to $128.8 million. The writedown led to a fiscal 2026 net loss of $702.6 million, overshadow...
TeraWulf and Applied Digital shares jumped 6% and 5% respectively after NVIDIA reported record revenue and strong guidance for AI data center growth. NVIDIA's Q2 revenue of $96.2 billion beat expectations, with data center revenue up 117%, signaling ...
A new Neocloud ETF launched on August 6, 2026, focuses exclusively on companies renting AI compute infrastructure to hyperscalers, offering a more concentrated AI investment than the broad Invesco QQQ Trust (QQQ). While QQQ includes large tech firms ...
Crypto mining stocks climbed Tuesday following Bitcoin's surge above $80,000, hitting a three-month high before dipping below that level. Stocks like MARA Holdings, TeraWulf, and IREN Limited saw gains between 5% and 7%, outpacing broader digital inf...
