Terawulf Inc. Captures Investor Attention Amid Positive Analyst Coverage and Rising Stock Activity
Terawulf Inc. (Nasdaq: WULF), a United States‑based operator of vertically integrated, environmentally clean Bitcoin mining facilities powered by nuclear, hydro, and solar energy, has become a focal point for investors and analysts in recent days. The company’s share price has climbed steadily, recently surpassing the $20 mark, and it has attracted fresh coverage from prominent brokerage firms and increased options trading volume, indicating heightened bullish sentiment.
1. Morgan Stanley’s New Coverage and Rating
On February 9, Morgan Stanley launched a coverage note on TeraWulf, assigning it an Overweight rating. The brokerage highlighted the firm’s strategic pivot toward becoming an AI‑focused data‑center operator, a move that could diversify revenue streams beyond Bitcoin mining. The note also underscored TeraWulf’s robust, low‑carbon energy mix, which positions it favorably in an industry increasingly scrutinised for environmental impact.
The rating announcement triggered a sharp reaction in the market: TeraWulf shares surged by more than 15 % on the same day, as reflected in multiple market‑watch outlets. The spike was mirrored by a similar rally in Cipher Mining (CIFR), which also received an Overweight rating, whereas Marathon Digital (MARA) was assigned an Underweight stance by the same research house.
2. Options Activity Signals Bullishness
Following the brokerage coverage, options traders displayed a pronounced bullish bias in TeraWulf’s contracts. Volatility indices and implied‑volatility metrics for the stock rose, and the volume of call options far exceeded that of puts. Analysts interpret this activity as an indicator that institutional and retail traders are positioning for a continued upward trajectory in the near term.
3. Positive Sentiment on Crypto‑Related Platforms
Cryptocurrency‑focused news outlets and forums echoed the optimism surrounding TeraWulf. A piece on BitcoinEthereumNews.com noted that the share price was on a bullish surge toward the $20 threshold, citing the company’s operational efficiency and the growing demand for clean Bitcoin mining. Meanwhile, BitcoinMagazine and Bitcoin Magazine reported similar enthusiasm, highlighting Morgan Stanley’s endorsement as a catalyst for further price gains.
4. Conference Participation and Investor Outreach
TeraWulf announced its participation in several upcoming investor and industry conferences, including a key event in Easton, Maryland on February 10. The company used the platform to showcase its integrated infrastructure and to articulate its long‑term vision of leveraging AI workloads in its data‑center facilities. The press release underscored the company’s commitment to scaling operations while maintaining a low carbon footprint, a narrative that has resonated with ESG‑conscious investors.
5. Expected Earnings Announcement
Looking ahead, TeraWulf is slated to report its earnings for the quarter ended December 31, 2025, on February 26, 2026. While analyst consensus on the forthcoming numbers is still forming, early estimates suggest that the company may continue to post negative earnings per share—consistent with its current price‑to‑earnings ratio of –11.52—as it invests in expansion and technology upgrades. However, the firm’s market capitalization of approximately $6.96 billion and its leading position in clean‑energy Bitcoin mining provide a compelling narrative that could sustain investor confidence despite short‑term profitability challenges.
6. Market Context and Recent Performance
The company’s share price has risen from a 52‑week low of $2.06 (April 8, 2025) to a recent close of $16.63 (February 9, 2026), with a 52‑week high of $17.70 on February 9. The upward trajectory has been amplified by a 16 % increase reported by Yahoo! Finance following Morgan Stanley’s endorsement, and by broader market enthusiasm for Bitcoin mining stocks, which have been rebounding after a period of volatility.
Bitcoin’s own price has stabilized near the $70,000 level, a development that has bolstered confidence in mining profitability. This backdrop has contributed to a broader rally in miner stocks, including TeraWulf and Cipher Mining, as highlighted in an IBTimes article that noted rapid gains despite a recent “Bitcoin bloodbath”.
In sum, Terawulf Inc. is benefiting from a confluence of factors: strategic positioning toward AI data‑center services, robust clean‑energy operations, strong brokerage support, and positive market sentiment reflected in both equity and options markets. While the company’s earnings remain negative in the short term, its valuation and growth prospects appear to justify the current bullish outlook among investors and analysts alike.
