TeraWulf (WULF) Completes Full Acquisition of Beowulf E&D

TeraWulf Inc. (NASDAQ:WULF) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On May 27, TeraWulf Inc. (NASDAQ:WULF) announced the acquisition of all the membership interests of Beowulf Electricity & Data LLC and its affiliates.

This deal helps TeraWulf Inc. (NASDAQ:WULF) make its company structure simpler by removing a related-party relationship and consolidating resources under a unified operating framework.

TeraWulf (WULF) Completes Full Acquisition of Beowulf E&D

The total consideration for the acquisition is about $52.4 million. This includes $3 million in cash and 5 million shares of TeraWulf Inc. (NASDAQ:WULF) common stock issued at closing. Following this deal, the company’s earlier cost guidance for 2025 remains unchanged.

Beowulf Electricity & Data LLC and its affiliates bring strong experience in building and operating power generation assets and electrical infrastructure. By integrating these capabilities into TeraWulf Inc. (NASDAQ:WULF), the company aims to support its long-term growth plans. This is especially important as power generation plays a crucial role in high-power compute operations.

TeraWulf Inc. (NASDAQ:WULF) is an American company that develops, owns, and operates next-generation data center infrastructure that is specifically designed for Bitcoin mining and hosting high-power computing workloads.

While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WULF and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.