On August 12, TeraWulf Inc. rose 5.55% in pre-market trading, trading at $17.62/share, with turnover of $1.3751 million. The stock continued its technical recovery phase following a sharp selloff triggered by Q2 earnings.

The company reported a Q2 loss of $1.94 per share, drastically worse than the analyst consensus estimate of $0.22, representing a miss of over 780%. Revenue came in at $44.8 million versus the $46 million expected. The stock had been under sustained pressure since the August 5 earnings release, though it began showing signs of stabilization with a 5.74% intraday rebound on August 11.

Sector-wide strength in crypto mining and AI infrastructure names provided additional support, with IREN rising 7.52% and Riot Platforms gaining 3.36% during the same session. On the fundamental side, B. Riley recently raised its price target to $40 from $32 while maintaining a Buy rating, and the FactSet consensus target stands at $38.26, implying over 100% upside from current levels. The company also previously secured a 20-year, $19 billion data center lease agreement with Anthropic, providing long-term revenue visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)