Why TeraWulf Inc. (WULF) Dominated Last Week’s Rally

We recently compiled a list of the These 10 Firms Dominated Last Week’s Rally. In this article, we are going to take a look at where TeraWulf Inc. (NASDAQ:WULF) stands against the other stocks that dominated last week’s rally.

Last week saw a strong trading finish with Wall Street’s main indices all settling in the green territory ahead of President-elect Donald Trump’s return to the White House.

Week-on-week, the Dow eked out a 3.81-percent gain, the S&P rallied 3.79 percent, while the Nasdaq increased by 3.84 percent.

Last week, 10 companies from diverse sectors outpaced their peers. Let’s take a closer look at which publicly-listed firms led the charge and what fueled their impressive performance.

For this week’s list of the 10 biggest advancers, we focused exclusively on companies with a market capitalization of at least $2 billion and a minimum trading volume of $5 million.

Why Terawulf Inc. (WULF) is Crashing?

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TeraWulf Inc. (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF), one of the heavyweights in Bitcoin mining, increased its share prices by 24.51 percent in just a week, finishing at $6.40 on Friday.

Terawulf (NASDAQ:WULF) rallied in line with its Bitcoin mining counterparts ahead of president-elect Donald Trump’s return to office on Monday.

Trump—previously a crypto market critic—signaled last year a robust cryptocurrency market under his administration, an asset that his family is directly invested in.

A report from Bloomberg earlier this month said that Trump is set to release a new executive order as soon as his first day in office, which would make cryptocurrency a national priority. The new order is expected to give people with influence in the industry a voice in the incoming administration.

As of January 3, 2025, Terawulf’s (NASDAQ:WULF) total ownership in Bitcoin stands at 2,728, of which 158 were self-mined last month alone.


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