The shares had been on a big run higher, rising more than 50% since late March. TeraWulf (WULF) is lower on Wednesday morning after a $900 million share sale to fund its Kentucky data center buildout. Preliminary first-quarter results show modest revenue of $30 million to $35 million, with an improving shift toward stable HPC hosting income streams. Compass Point analyst Michael Donovan said the results were in line with expectations and that the capital raise, while dilutive, strengthens fundi…
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