Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks

3. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf Inc. grew its share prices by 17.78 percent on Tuesday to finish at $2.65 apiece as investor funds flew to Bitcoin mining companies amid the surge in Bitcoin prices.

As of this writing, prices of the cryptocurrency are up by 5 percent, hovering in the $91,000 territory as the asset attracted investor interest amid the continued volatility on the stock market, coupled with the weakening US dollar.

WULF develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for bitcoin mining and hosting HPC workloads.

Last year, the company said it was able to narrow its net loss by 1.4 percent to $72.4 million from $73.4 million in 2023. Meanwhile, revenues more than doubled to $140 million from $69 million year-on-year.