TeraWulf Inc. (NASDAQ:WULF) saw a 10.37% increase on Tuesday, closing at $13.94 per share. The company announced the mandatory conversion of its convertible preferred stocks into common shares to strengthen its capital structure. Each preferred share will convert to 141.9483 common shares on December 9, 2025. CFO Patrick Fleury expressed confidence in the move, emphasizing growth prospects and financial discipline.

Read more at Yahoo Finance: TeraWulf (WULF) Soars 10% as Corporate Update Strengthens Growth Prospects