TeraWulf (WULF) Q3 Revenue Reaches $50.6 Million Amid Self-Mined Bitcoin Decline, Citizens Maintains Market Outperform Rating

TeraWulf Inc. (NASDAQ:WULF) ranks among the best short squeeze stocks to buy right now. Following TeraWulf Inc. (NASDAQ:WULF)’s third-quarter 2025 earnings report, Citizens reaffirmed its Market Outperform rating and $22 price target on November 11.

TeraWulf’s performance in the third quarter of 2025 came in relatively mixed. The company revealed a larger-than-expected loss with earnings per share of -$1.13 relative to the expected -$0.05, though it reported a 6% quarter-over-quarter growth in GAAP revenues to $50.6 million. However, the company’s total profitability was impacted by the 22% drop in self-mined Bitcoins from the previous quarter. On the other hand, TeraWulf Inc. (NASDAQ:WULF) stated that it intends to boost its high-performance computing (HPC) capacity by 250–500 megawatts annually.

Citizens stated that TeraWulf Inc. (NASDAQ:WULF) has evolved from a “highly-speculative operation” to a company with “a line of sight to rapidly exhausting the capacity of its two initial sites,” citing new anchor tenant clients who have shown the company’s reliability.

TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates industrial-scale data center infrastructure in the US that is designed specifically for Bitcoin mining and high-performance computing (HPC) hosting.

While we acknowledge the potential of WULF to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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