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TeraWulf Raises $1 Billion to Expand AI Infrastructure

Story Highlights
  • TeraWulf raised about $1.0 billion by selling 54.51 million shares at $19.00 each.
  • Proceeds will fund its Hawesville data center buildout, repay debt, and support future growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TeraWulf Raises $1 Billion to Expand AI Infrastructure

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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 16, 2026, TeraWulf closed a public offering of 54,510,000 shares of common stock at $19.00 per share, including the full exercise of underwriters’ option to purchase an additional 7,110,000 shares, generating approximately $1.0 billion in net proceeds. The stock sale, underwritten by a syndicate led by Morgan Stanley, strengthens the company’s balance sheet and provides significant capital to advance its Hawesville, Kentucky data center campus, repay a bridge facility, and fund future site acquisitions and general corporate needs, underscoring its push to scale infrastructure for AI and bitcoin-focused computing workloads.

The most recent analyst rating on (WULF) stock is a Buy with a $23.00 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 weighed down primarily by weak financial performance (persistent losses, negative cash generation, and very high leverage). This is partially offset by strong technical uptrend signals and a positive strategic narrative from the earnings call centered on large contracted HPC leases, funding visibility, and liquidity; 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, tailored for high-performance computing hosting and bitcoin mining. Led by veteran energy infrastructure entrepreneurs, the company targets low-carbon, scalable compute capacity for next-generation AI and HPC customers.

Average Trading Volume: 33,342,147

Technical Sentiment Signal: Buy

Current Market Cap: $8.34B

For a thorough assessment of WULF stock, go to TipRanks’ Stock Analysis page.

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