What's Going On With Bitcoin-Related Stock TeraWulf?

TeraWulf Inc WULF shares are trading higher by 11.2% to $2.43 Monday, despite a lack of company-specific news for the session. The company last week released its production and operations update for April 2024.

The company says it mined 348 Bitcoins for April, averaging 11.6 bitcoins per day. Their power cost per self-mined bitcoin was $16,058, excluding additional revenue streams. TeraWulf replaced older miners with 3,000 S19k Pro models at Lake Mariner, bringing the total to around 4,100. Bitcoin production decreased by 5.0% compared to March, with 68% mined before the April 19th halving event.

Transaction fees surged post-halving, compensating for the reduced block subsidy. Construction of Building 4 at Lake Mariner is on schedule, expected to boost operational capacity. TeraWulf is also finalizing plans for a high-performance computing (HPC) / AI project at Lake Mariner, with upgrades underway to support this initiative.

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How To Buy WULF Stock

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like TeraWulf‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. TeraWulf does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 14.79%, you'll need to buy a share of Cohen & Co by the May. 17, 2024. Once done, you can expect to receive a nominal payout of $0.25 on Jun. 5, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on TeraWulf will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

According to data from Benzinga Pro, WULF has a 52-week high of $4.04 and a 52-week low of $0.89.