IKONICS Corporation Stock News

EASTON, Md., May 27, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, announced today the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates (collectively, “Beowulf E&D”).

Bitcoin miners finally join bitcoin's rally after notching a record last week. What is driving the recent surge?

Chasing a Bitcoin rally has historically been a risky move, but “the current environment appears fundamentally different,” says Chris Brendler, a Rosenblatt analyst. Bitcoin has rallied to record levels in recent sessions on the back of a 90-day trade truce between the US and China.

Cryptocurrency mining company TeraWulf (WULF -9.54%) wasn't mining gains for its investors at the close of the stock trading week. Its shares lost more than 9% of their value in Friday's session, due almost entirely to a quarterly earnings report that disappointed the market.

TeraWulf's Q1 2025 report shows a 19% YoY revenue decline and a staggering $59.6 million operating loss, driven by excessive stock-based compensation. The company's break-even Bitcoin price soared to an unrealistic $277k per coin, highlighting severe operational inefficiencies and unsustainable cost structures. Despite a 2.7x price to forward sales multiple at $100k BTC, ongoing dilution and po...

TeraWulf Inc. (NASDAQ:WULF ) Q1 2025 Earnings Conference Call May 9, 2025 8:00 AM ET Company Participants John Larkin - Senior Vice President, Director of Investor Relations Paul Prager - Co-Founder, Chairman and Chief Executive Officer Patrick Fleury - Chief Financial Officer Nazar Khan - Co-Founder and Chief Technology Officer Conference Call Participants Nick Giles - B. Riley Securities Darr...

Commenced buildout of dedicated HPC data halls and remain on track to deliver 72.5 MW of gross HPC hosting infrastructure to Core42 in 2025.

TeraWulf's Q1 earnings report and fiscal year outlook should focus on their strategic shift to hybrid mining, combining Bitcoin mining with HPC hosting for AI hyperscaling. TeraWulf's asset-light approach to HPC hosting, avoiding GPU CapEx and market risks, positions it as a flexible and attractive infrastructure partner. The company's financial flexibility has improved, with significant debt r...