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Why TeraWulf Stock Got Rocked Today
Cryptocurrency mining company TeraWulf (NASDAQ: WULF) wasn't mining gains for its investors at the close of the stock trading week. Its shares lost more than 9% of their value in Friday's session, due almost entirely to a quarterly earnings report that disappointed the market. The S&P 500 (SNPINDEX: ^GSPC) did relatively well that day, closing more or less at the level where it opened in the morning. That earnings release was the first covering TeraWulf's 2025 performance, and hopefully for its shareholders, it won't be indicative of the rest of the year. Revenue fell to $34.4 million for the period from first quarter 2024's $42.4 million, as the number of its chosen crypto -- Bitcoin -- it mined fell to 372 from the year-ago tally of 1,051. Image source: Getty Images.Continue reading
Cryptocurrency mining company TeraWulf (NASDAQ: WULF) wasn't mining gains for its investors at the close of the stock trading week. Its shares lost more than 9% of their value in Friday's session, due almost entirely to a quarterly earnings report that disappointed the market. The S&P 500 (SNPINDEX: ^GSPC) did relatively well that day, closing more or less at the level where it opened in the morning.
That earnings release was the first covering TeraWulf's 2025 performance, and hopefully for its shareholders, it won't be indicative of the rest of the year. Revenue fell to $34.4 million for the period from first quarter 2024's $42.4 million, as the number of its chosen crypto -- Bitcoin -- it mined fell to 372 from the year-ago tally of 1,051.
Image source: Getty Images.
