New York, Feb 25, 2026, 08:57 EST — Premarket
- WULF up about 1.8% in premarket trade, hovering near Tuesday’s peak
- Stock jumped 12% on Tuesday on heavy volume, hitting an intraday high of $18.03
- Bitcoin gains and Thursday’s results are the next near-term drivers
TeraWulf Inc shares were up about 1.8% at $17.87 in premarket trading on Wednesday, after the bitcoin miner’s stock surged 12% in the prior session and briefly touched $18.03, a fresh 52-week high. (Investing)
The move matters now because TeraWulf is heading into its quarterly results with the stock already priced for good news, leaving little room for a stumble on margins, power costs or growth spending.
It also lands as bitcoin steadies near recent highs, a macro tailwind that tends to pull crypto-linked equities around by the collar. Bitcoin was last up about 5.5% from the prior close, at roughly $66,415.
TeraWulf is scheduled to report fourth-quarter 2025 results on Thursday, with management set to host a conference call at 4:30 p.m. ET. The company has described its business as “purpose-built for high-performance computing (HPC) hosting and bitcoin mining.” (Nasdaq)
HPC is industry shorthand for running dense computing jobs — including artificial intelligence training — on large clusters of chips. For miners like TeraWulf, the pitch is that the same power and site infrastructure can be repurposed or shared for data-center customers.
Tuesday’s jump came with elevated trading activity, a familiar pattern in the sector when bitcoin firms up and traders start positioning ahead of earnings.
The near-term debate is whether Thursday’s report offers anything that changes the cadence: signs of steadier cash generation, clearer timelines for capacity buildouts, or updated plans for non-mining revenue.
There is also a simpler read: this is a high-beta stock in a high-beta corner of the market. If bitcoin reverses or risk appetite fades, miners can give back gains quickly, even without fresh company news.
Pre-market moves can exaggerate that effect. Liquidity is thinner before the open, spreads are wider, and early prints do not always hold once regular trading begins.
