WGMI? A Sobering Look At Bitcoin Miners [Seeking Alpha]
TeraWulf Inc. (WULF)
Company Research
Source: Seeking Alpha
Publicly traded Bitcoin miners are likely to underperform the S&P 500's cash flow yield and may go to zero in the next 15 years if they don't make some changes. WGMI is an ETF that is heavily concentrated in top mining stocks. WGMI is good as a short term play on a continuation of the BTC rally. I expect issues over a multi-year time frame. Bitcoin ( BTC-USD ) mining has grown into an industry which receives a not infrequent amount of coverage in the media. For a long time, the energy cost of proof-of-work mining was viewed as a negative to the environment. Today that narrative is beginning to change for many good reasons. Bitcoin is concurrently growing into an asset class and socioeconomic concept which is gaining greater acceptance. As it does, it is likely that publicly traded Bitcoin miners will become a bigger field of investment analysis. This report covers the economics of Bitcoin mining and argues that most (if not all) publicly traded miners are doomed to the follow
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WULF
News
- Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says [Yahoo! Finance]Yahoo! Finance
- Bitcoin miners TeraWulf, Bitdeer snag Buy ratings from Rosenblatt [Seeking Alpha]Seeking Alpha
- TeraWulf Inc. (NASDAQ: WULF) is now covered by analysts at Rosenblatt Securities. They set a "buy" rating and a $4.20 price target on the stock.MarketBeat
- TeraWulf Announces Continued Industry-Leading Cash Production and $30 Million Debt RepaymentGlobeNewswire
- TeraWulf Inc. (NASDAQ: WULF) had its price target lowered by analysts at B. Riley from $4.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
WULF
Earnings
- 11/13/23 - Miss
WULF
Sec Filings
- 4/17/24 - Form 8-K
- 4/8/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- WULF's page on the SEC website