Terawulf Set for Earnings Test as AI Pivot Fuels Wall Street Optimism

Terawulf Inc., a Bitcoin miner turned AI infrastructure provider, is set to report its fourth-quarter results on Thursday after the market close.

The company's pivot from cryptocurrency mining to higher-margin data center leasing has led to growing optimism among Wall Street analysts, with all 13 analysts rating it a buy and setting a consensus price target of $23.56.

Analysts expect Terawulf to post a loss of 13 cents per share on revenue of $45.9 million, representing a substantial sequential improvement from the third quarter's $1.13-per-share loss on revenue of $50.6 million.

The expected narrower loss suggests improving unit economics as the company shifts capacity from cryptocurrency mining to data center leasing.