Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential

2. TeraWulf Inc. (NASDAQ:WULF)

% holding in portfolio: 0.39%

Upside Potential: 200.00%

TeraWulf Inc. (NASDAQ:WULF) develops and operates environmentally friendly Bitcoin mining facilities powered by zero-carbon energy sources. Based in Maryland, the company competes with Argo Blockchain, Cipher Mining Inc., and Bitfarms. Its business strategy focuses on vertical integration and energy cost management to increase sustainability. The company’s mining sites, co-located with hydro and nuclear energy plants, significantly reduce environmental impact. With high efficacy in regulatory compliance, the company positions itself as an emerging leader among eco-conscious Bitcoin miners, attracting institutional and ESG-focused investors.

TeraWulf Inc. (NASDAQ:WULF) makes up 0.39% of Stephen Mandel’s portfolio, reflecting calculated exposure of the investment to the growing green crypto-mining sector. The revenue of the company for the year 2024 stands at $140.1 million, up from 2023 by 102%. Higher Bitcoin production, in addition to favorable Bitcoin pricing, has contributed to this immense growth in revenue. For 2025, the forecasted revenue stands at $250 million. Having achieved a hash rate of 9.7 exahash per second, the company improved fleet efficiency, thereby increasing the hash rate to 13.1 exahash per second. The signing of the 10-year, 72.5-megawatt data center lease agreement with Core 42 has secured revenue of $1 billion during the lease period.

The company would benefit from surging interest in sustainable energy solutions within digital asset ecosystems. Hence, with a significant upside potential of 200%, TeraWulf Inc. (NASDAQ:WULF) stands out as one of the best billionaire stock bets.