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TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy. The company was founded in 2021 and is headquartered in Easton, Maryland.

Shares of AI infrastructure names are bouncing hard in early Monday trading, led by IREN (NASDAQ:IREN), up 17% to $39.28.

Bitcoin miners spent the past decade building out cheap electricity and heavy-duty power infrastructure. Now, some of the biggest artificial intelligence (AI) companies in the world are paying billions of dollars to use it.

TeraWulf is uniquely exposed to New York's data-center moratorium, but Wall Street doesn't see any real threat.

Cheap AI stocks like SpaceX, TeraWulf, Amazon, Palantir, and Micron are dropping on sentiment while Wall Street's earnings conviction holds firm.

TeraWulf recently signed a 20-year deal with Anthropic, prompting one analyst to predict that the stock will more than triple from current levels. Applied Digital has an easier path to building neocloud data centers since it does not supply the servers or AI chips.