5 Worst Artificial Intelligence Stocks Under $30 According to Short Sellers

3. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) is one of the 10 worst artificial intelligence stocks under $30 according to short sellers.

Back on May 26, Terawulf Inc. (NASDAQ:WULF) revealed its strategic acquisition of a development site, The Muskie Data Campus, in Kentucky. This development has resulted in the expansion of the company’s existing hyperscale digital infrastructure portfolio to support the company’s large-scale high-performance computing operations.

The site was purchased from Industrial Equity Partners. This acquisition is an acknowledgment of the management’s ambitions to develop large-scale HPC and AI sites, which are characterized by community orientation, reliable infrastructure, and energy access. It is projected to facilitate data center capacity of over 1GW, with 500MW anticipated to begin during the latter half of 2028, while the remaining is scheduled for the second half of 2030.

The company also recognizes the regional economic implications associated with the Muskie Data Campus acquisition. It plans to collaborate with human development and educational bodies across the region, in that regard.

Terawulf’s Chairman and CEO, Paul Prager, believes that this move will further strengthen the company’s strategy of acquiring power-advantaged, hyperscale campuses, which are pivotal for managing advanced HPC operations. He stated:

“Muskie combines scalable power, robust transmission infrastructure, development readiness, and strategic regional positioning in a way that is increasingly difficult to replicate. The campus will be purpose-built around utility-scale infrastructure, including dedicated transmission investments and long-term power delivery planning designed specifically to support hyperscale AI workloads.”

Later, in mid-June, Bank of America Securities initiated its coverage of the stock, assigning a Buy rating and target price of $34. This results in almost 20% upside potential at the prevailing level.

Terawulf Inc. (NASDAQ:WULF) is a digital asset technology company that is heavily involved in bitcoin mining operations and high-performance computing. With sustainability at its core, the company operates energy-efficient data centers that use 90% zero-carbon energy for mining.