TeraWulf: Breakout Is Likely To Continue

Jun. 11, 2024 11:31 PM ETTeraWulf Inc. (WULF) StockWULF24 Comments
Zvi Bar
5.34K Followers
(7min)

Summary

  • TeraWulf, a domestic bitcoin miner, has broken out of a multi-month trading pennant and is expected to move higher.
  • The company operates Bitcoin mining facilities in New York and Pennsylvania, with plans to increase mining capacity.
  • TeraWulf aims to become debt-free and reinvest its operating cash flow into Bitcoin mining and data centers for generative AI and complex computing.
Turning Bitcoin Cycle

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TeraWulf (NASDAQ:WULF) is a domestic bitcoin miner that owns and operates vertically integrated and environmentally clean facilities. The stock just broke out of a multi-month trading pennant that started late last year. Shares appear ready to move considerably higher over the

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Zvi provides advisory services to companies, trusts, and individuals, including consulting expert services regarding retirement and estate planning. Zvi is admitted to practice law in the state of New York, where he offers cash management, Bitcoin, and Trust Protector services. Zvi is also The Claw of The Lava Empire and is an Amazon Influencer. No articles or discussions here shall constitute a legal, fiduciary or advisory role, but solely act as informative press and/or a starting point from which, ideally, further constructive discussion may follow. Comments are welcome, as are questions.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of WULF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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