New York, Feb 25, 2026, 08:57 EST — Premarket
- WULF is tracking roughly 1.8% higher ahead of the open, staying close to its Tuesday peak.
- Shares surged 12% Tuesday, with volume running high and the price peaking at $18.03 during the session.
- Bitcoin’s advance and Thursday’s earnings are shaping up as the next key catalysts.
TeraWulf Inc climbed roughly 1.8% to $17.87 before the bell Wednesday. The bitcoin miner’s stock had jumped 12% in the previous session, hitting $18.03 at one point—the highest mark it’s seen in a year.
This matters right now: TeraWulf heads into its quarterly results with shares already reflecting optimism—so there’s not much cushion if margins, power costs, or growth spending disappoint.
This comes as bitcoin hovers close to its recent peak—a macro boost that yanks crypto-related stocks along for the ride. Bitcoin was recently up about 5.5% from the previous close, trading near $66,415.
TeraWulf will release its fourth-quarter 2025 results on Thursday. Executives plan to hold a conference call at 4:30 p.m. ET. According to the company, it’s “purpose-built for high-performance computing (HPC) hosting and bitcoin mining.” Nasdaq
HPC refers to running dense computing tasks—AI training among them—across vast chip clusters. TeraWulf and other miners see an opportunity: their existing power and site setups can double as infrastructure for data-center clients, or be split between mining and new workloads.
Trading volumes picked up on Tuesday, a move that tends to show up in the sector whenever bitcoin stabilizes and traders shift into gear ahead of earnings. That pattern repeated itself with the latest jump.
So the immediate question: does Thursday’s report shift the tempo at all? Investors are watching for steadier cash flow, sharper timelines for capacity expansions, and any fresh details on non-mining revenue plans.
Another way to look at it: this is a high-beta name, right in a high-beta slice of the market. If bitcoin pulls back or risk sentiment wanes, miners have a habit of shedding gains fast—even with no new headlines from the companies themselves.
That dynamic tends to get amplified before the bell. With thinner liquidity, wider spreads, and early prices that often don’t stick once the market opens, pre-market action can paint a misleading picture.
