News with the tag "WULF"

Bitcoin miner TeraWulf has posted a net loss of $61.4 million in the first quarter of 2025, more than six times its Q1 2024 losses, underscoring the post-halving pressure bearing down on the crypto mining sector. According to the company’s May 9 earnings report, revenue for the quarter dropped 19% y...

Summary WGMI offers indirect Bitcoin exposure through companies focused on mining and related services. If we look at its top three holdings (CORZ, IREN, and CIFR), they make up over 42% of its assets. WGMI also has a high expense ratio of 0.75%, which doesn’t seem justified. In fact, it has signifi...

Summary I believe the lack of clarity on Core42’s power extension before March 31, 2025 creates significant downside risk, despite management's confidence in finding other customers. While HPC hosting could offer high EBITDA margins, I'm skeptical about near term improvements due to the lack of FY 2...

Summary BTC mining is a C+ business with poor fundamental economics, making it difficult for miners to achieve profitability despite positive catalysts like BTC price increases. Miners face low margins, high competition, and cyclical industry dynamics, often resulting in negative net incomes and the...

Summary The U.S. government is pivoting toward a more pro-crypto stance, with new legislative efforts, SEC regulatory shifts, and Bitcoin reserve discussions at the White House reinforcing Bitcoin’s legitimacy. State legislators are rapidly proposing strategic Bitcoin reserves, positioning themselve...

Summary The release of DeepSeek-R1 has disrupted Wall Street, challenging the dominance of US-based AI firms with its top rankings in app stores. DeepSeek's development cost was reportedly under $6 million, raising concerns about the competitive edge of US tech firms and future capex on AI LLMs. WGM...

More on Bit Digital, Bitcoin USD, etc. Bit Digital Is A Buy On DeepSeek Weakness TeraWulf: Forget DeepSeek And Bitcoin, The Future Is U.S. High-Performance Computing Hut 8: Waiting On Bitcoin Mining Efficiency To Improve Jim Cramer's crypto call: bet on bitcoin, skip MicroStrategy Bitfarms to sell P...

Summary TeraWulf opened 15% lower on Monday morning due to a broad crash in the technology sector. The decline is attributed to panic selling regarding the performance of China's DeepSeek AI, which uses less advanced computing chips. Bitcoin miners like TeraWulf saw particularly large declines due t...

Stocks associated with cryptocurrencies are getting crushed amid a global rout in equity markets and among digital coins and tokens. The stocks of ...

More on Bitcoin USD Bitcoin And 'Strategic Reserve' Progress VanEck Mid-January Bitcoin ChainCheck Breaking Down Trump's Bitcoin Executive Order Musk discussing blockchain use at Department of Government Efficiency MicroStrategy faces potential multibillion-dollar tax on unrealized bitcoin gains