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TeraWulf Announces Large Equity Offering and Credit Facility

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TeraWulf Announces Large Equity Offering and Credit Facility

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Forget margin or options. Here's how the pros trade WULF

The latest update is out from TeraWulf Inc ( (WULF) ).

On April 14, 2026, TeraWulf said it plans to sell $800 million of common stock to the public, with underwriters offered a 30-day option to buy up to an additional $120 million, in a move that would significantly bolster its equity base. The same day, the company reported preliminary first-quarter 2026 revenue of $30 million to $35 million and adjusted EBITDA of $0 million to $3 million, against a capital structure that included $3.1 billion in cash and $5.8 billion in total debt.

TeraWulf also disclosed it had received allocations for a senior secured revolving credit facility of up to $250 million maturing in April 2030, secured by substantially all of its and certain subsidiaries’ assets and intended to enhance liquidity and working capital. Management said the facility and stronger liquidity should fund the equity component of its Kentucky data center development and support its ongoing buildout, as it shifts more than half of first-quarter revenue toward stable, contracted HPC hosting from investment-grade customers.

The most recent analyst rating on (WULF) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.

Spark’s Take on WULF Stock

According to Spark, TipRanks’ AI Analyst, WULF is a Neutral.

The score is held down primarily by weak financial performance—persistent losses, negative cash generation, and extremely high leverage—despite improving scale. Offsetting factors include a technically positive longer-term price trend and a constructive earnings-call outlook driven by large contracted HPC agreements and financing progress, while traditional valuation support is limited due to negative earnings and no dividend.

To see Spark’s full report on WULF stock, click here.

More about TeraWulf Inc

TeraWulf Inc. is a U.S.-based developer, owner and operator of environmentally sustainable, industrial-scale data center infrastructure, purpose-built for high-performance computing hosting and bitcoin mining. The company focuses on delivering scalable, low-carbon compute capacity for next-generation artificial intelligence and HPC customers, leveraging energy-advantaged digital infrastructure across its sites.

Average Trading Volume: 32,409,403

Technical Sentiment Signal: Buy

Current Market Cap: $8B

For an in-depth examination of WULF stock, go to TipRanks’ Overview page.

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