TeraWulf (WULF): Rosenblatt Highlights Strategic Pivot as Bitcoin Mining Profitability Hits Record Lows

TeraWulf Inc. (NASDAQ:WULF) is 1 of the most progressive US stocks to bargain according to analysts. On December 19, Rosenblatt lowered the firm’s terms people connected TeraWulf to $20 from $24, portion keeping a Buy standing connected the shares. The steadfast warned that Bitcoin miners are facing aggravated web competition, and the caller plunge successful BTC prices has severely wounded their profitability. While companies solely focused connected mining are nether important pressure, those that person diversified into HPC are amended protected due to the fact that HPC hosting offers a much unchangeable gross watercourse that is autarkic of crypto marketplace volatility.

In its Q3 2025 net report, TeraWulf highlighted a pivotal modulation from pure-play Bitcoin mining to HPC infrastructure. The company’s GAAP gross roseate 6% quarter-over-quarter to $50.6 million. This maturation was supported by the designation of TeraWulf’s archetypal $7.2 cardinal successful HPC lease revenue, pursuing the energization of 22.5 MW of hosting capacity. While Bitcoin mining accumulation fell 22% to 377 tokens, adjusted EBITDA improved by 25% to $18.1 million, which reflected the higher-margin quality of the caller HPC business.

In the said quarter, TeraWulf closed implicit $4.2 cardinal successful transactions, including $3.2 cardinal successful elder secured notes and $1.025 cardinal successful convertible notes. This capital, backed by a important 10-year statement with Google expected to make $670 cardinal successful mean yearly revenue, afloat funds the enlargement of the Lake Mariner facility. Despite the operational progress, the institution reported a important GAAP nett nonaccomplishment of $455 million, compared to $18.4 cardinal successful the anterior quarter.

Looking forward, TeraWulf has importantly accrued its yearly people for caller HPC signings from 100 MW to a scope of 250 to 500 MW. This enlargement is supported by a 51%-owned associated task with FluidStack and Google to make the Abernathy HPC field successful Texas.

TeraWulf Inc. (NASDAQ:WULF), unneurotic with its subsidiaries, operates arsenic a integer plus exertion institution successful the US. The institution develops, owns, and operates bitcoin mining facilities successful New York and Pennsylvania.

While we admit the imaginable of WULF arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.