Reported 7 days ago
Veteran trader Stephen Guilfoyle has spotlighted TeraWulf (WULF) after its stock soared due to a significant deal with Google, where Alphabet agreed to a $1.8 billion funding arrangement. TeraWulf, originally a cryptocurrency mining operation, is transitioning to provide infrastructure for AI cloud services, positioning itself as a competitor to CoreWeave. This change is supported by two long-term agreements with Fluidstack for high-performance computing, enhancing TeraWulf's growth prospects as it aims to exit traditional mining amidst rising demand for AI data centers.
Source: YAHOO