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News  ›  The Motley Fool

Why Did TeraWulf Stock (WULF) Skyrocket 16.8% Today?

The Motley Fool Logo The Motley Fool By Johnny Rice
Why Did TeraWulf Stock (WULF) Skyrocket 16.8% Today?

TeraWulf announced a significant $9.5 billion, 25-year data center deal with Fluidstack in Texas, backed by Google, and reported an 84% year-over-year revenue growth in Q3, driving its stock price up 16.8%.

Insights
GOOGL   positive

Reported better-than-expected Q3 financial results with $102.35 billion revenue and $2.87 earnings per share, stock soared 7.57% in premarket


WULF   positive

Strong Q3 revenue growth, major new data center deal, and strategic partnership with Google