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Stock impact report

TeraWulf (WULF): Rosenblatt Highlights Strategic Pivot as Bitcoin Mining Profitability Hits Record Lows [Yahoo! Finance]

TeraWulf Inc. (WULF) 
Company Research Source: Yahoo! Finance
target on TeraWulf to $20 from $24, while keeping a Buy rating on the shares. The firm warned that Bitcoin miners are facing intense network competition, and the recent plunge in BTC prices has severely hurt their profitability. While companies solely focused on mining are under significant pressure, those that have diversified into HPC are better protected because HPC hosting offers a more stable revenue stream that is independent of crypto market volatility. In its Q3 2025 earnings report, TeraWulf highlighted a pivotal transition from pure-play Bitcoin mining to HPC infrastructure. The company's GAAP revenue rose 6% quarter-over-quarter to $50.6 million. This growth was supported by the recognition of TeraWulf's first $7.2 million in HPC lease revenue, following the energization of 22.5 MW of hosting capacity. While Bitcoin mining production fell 22% to 377 tokens, adjusted EBITDA improved by 25% to $18.1 million, which reflected the higher-margin nature of the new HPC business. Show less Read more
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