Why Are TeraWulf Shares Surging On Friday ? - TeraWulf ( NASDAQ : WULF )

<p>TeraWulf Inc <a href="https://www.benzinga.com/quote/WULF">(NASDAQ:</a><a href="https://www.benzinga.com/quote/WULF">WULF</a>) shares fell on Friday, extending losses that began Thursday after the company’s <a href="https://www.benzinga.com/markets/earnings/26/02/50916318/terawulf-stock-slumps-after-q4-earnings-heres-why">fourth-quarter earnings</a> disappointed Wall Street on both revenue and earnings.</p>
<h2>Q4 Results Miss Across The Board</h2>
<p>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%.</p>
<p>Digital asset revenue dropped to $26.1 million from $43.4 million the prior quarter, driven by lower Bitcoin <a href="https://www.benzinga.com/quote/BTC-USD">(CRYPTO: </a><a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) production and pricing.</p>
<h2>HPC Segment Offers A Bright Spot</h2>
<p>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.</p>
<p>Short interest increased from 93.28 million to 95.57 million shares, representing 27.98% of available float. At an <a href="https://www.benzinga.com/quote/WULF/short-interest">average daily volume</a> of 47.09 million shares, short sellers would need roughly 2.03 days to cover positions.</p>
<h2>Technical Analysis</h2>
<p>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.</p>
<p>Over the past 12 months, the stock has surged by 367.31%, positioning it near its 52-week high of $18.51.</p>
<ul>
<li>Key Resistance: $17.50</li>
<li>Key Support: $15.44</li>
</ul>
<h2>Earnings &amp; Analyst Outlook</h2>
<p>TeraWulf Inc. is slated to provide its next financial update on May 8.</p>
<ul>
<li>EPS Estimate: Loss of 17 cents (Up from loss of 16 cents YoY)</li>
<li>Revenue Estimate: $43.88 million (Up from $34.41 million YoY)</li>
</ul>
<p>The stock carries a Buy Rating with an <a href="https://www.benzinga.com/quote/WULF/analyst-ratings">average price forecast</a> of $14.37. </p>
<p>Recent analyst moves include:</p>
<ul>
<li>Cantor Fitzgerald: Overweight (Raises Target to $24.00) (Feb. 27)</li>
<li>Needham: Buy (Maintains Target to $21.00) (Feb. 3)</li>
<li>Keefe, Bruyette &amp; Woods: Upgraded to Outperform (Raises Target to $24.00) (Dec. 31, 2025)</li>
</ul>
<p>WULF Price Action: TeraWulf shares were down 8.78% at $16.31 at the time of publication on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.</p>
<p>Photo: Piotr Swat/Shutterstock.com</p>
<p>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</p>
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