TeraWulf Inc. (NASDAQ:WULF) acquires Beowulf Electricity & Data LLC and its affiliates, simplifying company structure and consolidating resources. The total consideration for the acquisition is $52.4 million, including cash and stock. Beowulf brings experience in power generation assets and infrastructure to support TeraWulf’s growth plans. TeraWulf develops data center infrastructure for Bitcoin mining and high-power computing workloads. While WULF shows investment potential, other AI stocks may offer greater upside. For more investment opportunities, check out American semiconductor and fintech stocks. No disclosures in the article.

Read more at Yahoo Finance: TeraWulf (WULF) Completes Full Acquisition of Beowulf E&D