Terawulf stock hits 52-week high at 10.72 USD

Terawulf Inc’s stock reached a 52-week high, hitting a price of 10.72 USD. The $4.22 billion market cap company, known for its high volatility with a beta of 4.27, has been showing remarkable momentum. This milestone underscores a significant positive shift for the company, as evidenced by its impressive 1-year change of 133.48%. The stock’s performance over the past year highlights a period of robust growth and investor confidence, propelling it to new heights. According to InvestingPro analysis, the RSI indicates overbought conditions, while revenue is forecast to grow by 44% this year. The achievement of this 52-week high reflects a broader trend of optimism surrounding Terawulf’s strategic initiatives and market positioning. For deeper technical analysis and 18 additional expert insights, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, TeraWulf Inc. has successfully raised $1 billion through convertible notes, following the full exercise of a greenshoe option by initial purchasers. This development highlights the company’s ability to secure substantial funding, which was completed through a private placement. Additionally, TeraWulf’s stock has seen positive analyst activity, with Rosenblatt Securities raising its price target to $12, citing significant high-performance computing hosting agreements and a related investment from Google. Cantor Fitzgerald also increased its price target for TeraWulf to $14, maintaining an Overweight rating, reflecting potential growth from the company’s current market standing.

Furthermore, TeraWulf announced that Google has increased its financial support to approximately $3.2 billion, with an expanded equity stake in the company. This move coincides with Fluidstack’s decision to expand its operations at TeraWulf’s Lake Mariner data center, which includes a new data center building expected to be operational by the second half of 2026. These recent developments underscore TeraWulf’s strategic partnerships and growth initiatives in the digital infrastructure sector.

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