Why Are TeraWulf Shares Surging On Friday?

by | Feb 27, 2026 | General

TeraWulf Inc (NASDAQ:WULF) shares fell on Friday, extending losses that began Thursday after the company’s fourth-quarter earnings disappointed Wall Street on both revenue and earnings.

Q4 Results Miss Across The Board

TeraWulf posted a quarterly loss of 29 cents per share, well above the Street’s expected loss of 13 cents. Revenue of $35.84 million missed consensus estimates of $45.78 million by 21.73%.

Digital asset revenue dropped to $26.1 million from $43.4 million the prior quarter, driven by lower Bitcoin (CRYPTO: BTC) production and pricing.

HPC Segment Offers A Bright Spot

HPC lease revenue climbed to $9.7 million from $7.2 million in third quarter 2025. The company noted in its earnings release that fiscal 2025 represented “a fundamental inflection point,” citing 522 critical IT MW in long-term data center lease agreements.

Short interest increased from 93.28 million to 95.57 million shares, representing 27.98% of available float. At an average daily volume of 47.09 million shares, short sellers would need roughly 2.03 days to cover positions.

Technical Analysis

TeraWulf Inc. is currently trading at $16.82, showing a robust performance above its 20-day SMA of $15.44 and 100-day SMA of $13.89.

Over the past 12 months, the stock has surged by 367.31%, positioning it near its 52-week high of $18.51.

  • Key Resistance: $17.50
  • Key Support: $15.44

Earnings & Analyst Outlook

TeraWulf Inc. is slated to provide its next financial update on May 8.

  • EPS Estimate: Loss of 17 cents (Up from loss of 16 cents YoY)
  • Revenue Estimate: $43.88 million (Up from $34.41 million YoY)

The stock carries a Buy Rating with an average price forecast of $14.37.

Recent analyst moves include:

  • Cantor Fitzgerald: Overweight (Raises Target to $24.00) (Feb. 27)
  • Needham: Buy (Maintains Target to $21.00) (Feb. 3)
  • Keefe, Bruyette & Woods: Upgraded to Outperform (Raises Target to $24.00) (Dec. 31, 2025)

WULF Price Action: TeraWulf shares were down 8.78% at $16.31 at the time of publication on Friday, according to Benzinga Pro data.

Photo: Piotr Swat/Shutterstock.com