We recently published a list of Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential. In this article, we are going to take a look at where TeraWulf Inc. (NASDAQ:WULF) stands against other billionaire Stephen Mandel’s stocks with huge upside potential.
With economic policy and trade tensions fueling volatility, investors are moving through one of the most unpredictable markets in recent times. The Federal Reserve has taken a wait-and-see stand and maintains elevated interest rates to control inflation. In a CNBC report, the Fed commented that a rate cut could happen as early as June if economic conditions declined further. Such monetary easing would make the stock prices go up, with some companies even outperforming their peers in the market.
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The possibility of falling rates is a big deal for investors. Lower interest rates have often led to higher equity valuations, making borrowing cheaper and compressing discount rates applied to future earnings. Various stocks, irrespective of their sector, have historically shown strong rebounds during previous periods of rate cuts. Seasoned investors like billionaire Chase Coleman have also observed similar patterns. Leading the charge among them is growth stocks.
In addition to the renewed trade conflicts under President Trump’s tariff policies, the looming uncertainties are thickening with inflation getting closer to the Federal Reserve’s 2% target. Under these circumstances, having understood the potential of a confirmed pivot from the Fed on loosening the monetary policy, the investors are keeping a close watch on their moves since it would also inevitably benefit stocks with substantial upside potential.
But isn’t betting on short-term moves risky? Of course, it is. However, as reported on CNBC, the market indices suffered a sharp 12% correction earlier this month but staged a quick comeback. Those who panicked and sold at the lows are now regretting their decisions. This episode raises the importance of maintaining discipline and a long-term view when making investment decisions.
Setting aside the turbulence, historical data could be used to understand the importance of equities in wealth accumulation. Between 1926 and 2024, the U.S. stocks surpassed the Treasury bills by providing an annual return of 10.2%, which exceeded the Treasury’s 3.3%. To benefit from such an edge, the investors must endure through volatility and understand that 10% to 20% declines are part of the game.
In this economic landscape, investors should follow the billionaire investors. Using their knowledge about the market and companies and by conducting extensive research, some billionaire investors like Andreas Halvorsen have made investment decisions, stuck to them, and benefited immensely. Similarly, with his strategically positioned portfolios, one of the most prominent billionaire investors, philanthropists, and the founder of Lone Pine Capital, Stephen Mandel, guides other investors to capture outsized returns without reacting impulsively to market noise.
In this regard, growth stocks remain an attractive investment even during this current period of uncertainty. To those who want to refine their portfolio, the stocks that have managed to gain the attention of billionaire Stephen Mandel present great potential. To help you pick the best out of the best, we have compiled a list of 10 stocks from billionaire Stephen Mandel’s portfolio and ranked them, too.
Our Methodology:
Several criteria have been employed when compiling our list of billionaire Stephen Mandel’s 10 stocks with huge upside potential. All the stocks in our list are primarily part of Stephen Mandel’s Lone Pine Capital private equity firm’s portfolio. Following this crucial criterion, we looked for stocks with a high percentage holding in the portfolio. It is to ensure that the article covers the top picks from the billionaire investor. We also looked at the upside potential of the stocks since they represent the future appreciation value of the investors’ capital. We have used this upside potential to rank our picks as well. All the data in the article was taken from financial databases and analyst reports, with all information updated as of April 27, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Stephen Mandel of Lone Pine Capital
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.
Overall, WULF ranks 2nd on our list of billionaire Stephen Mandel’s stocks with huge upside potential. While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than WULF but trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
