From Nasdaq: 2025-05-09 18:15:00

Cryptocurrency mining company TeraWulf (NASDAQ: WULF) saw its shares drop over 9% in Friday’s session due to a disappointing quarterly earnings report. Revenue for the first quarter of 2025 fell to $34.4 million from $42.4 million in 2024, with a significant net loss of over $61 million reported. Analyst estimates for revenue and net loss were not met, leading to investor disappointment. TeraWulf management remains optimistic, citing a strong cash position. However, the decline in leading fundamentals and recent gains in cryptocurrencies like Bitcoin pose challenges for the company.

Investors considering TeraWulf should note that the Motley Fool Stock Advisor team does not include it in their list of the 10 best stocks to buy right now. The team’s picks have historically outperformed the market, with an average return of 909%. TeraWulf’s performance in the current market climate and its ability to adapt to changing trends in cryptocurrency mining should be carefully evaluated before making any investment decisions.



Read more at Nasdaq: Why TeraWulf Stock Got Rocked Today