Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says [Yahoo! Finance]
TeraWulf Inc. (WULF)
Company Research
Source: Yahoo! Finance
Some miners are actively managing financial liabilities and are using excess cash to pay down debt, the report said. Crypto miners may shift towards artificial intelligence (AI) in energy-secure locations following the bitcoin {{BTC}} halving due to the potential for higher revenue, CoinShares (CS) said in a report on Friday. The quadrennial halving , which slows the rate of growth in bitcoin supply by 50%, occurred on Friday evening. Coinshares notes that mining companies like BitDigital (BTBT), Hive (HIVE) and Hut 8 (HUT) are already generating income from AI. At the same time, TeraWulf (WULF) and Core Scientific (CORZ) have existing AI operations or plans to grow in the space. “This trend suggests that bitcoin mining may increasingly move to stranded energy sites while investment in AI grows at more stable locations, authors led by James Butterfill wrote. The miners will be faced with substantial cost increases as a result of the halving, with electricity and overall pro
Show less
Read more
Impact Snapshot
Event Time:
WULF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WULF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WULF alerts
High impacting TeraWulf Inc. news events
Weekly update
A roundup of the hottest topics
WULF
News
- Why Marathon Digital, CleanSpark, and TeraWulf Are Heading to the Moon Today [Yahoo! Finance]Yahoo! Finance
- TeraWulf Announces April 2024 Production and Operations Update [Yahoo! Finance]Yahoo! Finance
- TeraWulf Announces April 2024 Production and Operations UpdateGlobeNewswire
- TeraWulf Schedules Conference Call for First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- TeraWulf Schedules Conference Call for First Quarter 2024 Financial ResultsGlobeNewswire
WULF
Earnings
- 11/13/23 - Miss
WULF
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 8-K
- 4/17/24 - Form 8-K
- WULF's page on the SEC website