On August 11, TeraWulf Inc. rose 5.74% in regular trading, trading at $17.24/share, with turnover of $33.37 million. The stock entered a technical recovery phase after consecutive sharp declines driven by a severe Q2 earnings miss.

The rebound comes as the stock attempts to repair from deeply oversold levels. TeraWulf reported a Q2 loss of $1.94 per share, far exceeding the analyst consensus estimate of a $0.22 loss — a miss of approximately 782%. Revenue of $44.8 million also fell short of the $46.4 million estimate. The stock had briefly rebounded 5.41% on August 7 before falling 5.06% on August 10 to $16.215.

Supporting the recovery, B. Riley raised its price target to $40 from $32 while maintaining a Buy rating, with FactSet consensus at $38.26 — implying over 100% upside from current levels. Sector peer Riot Platforms rallied over 12% on the same day, lifting broader digital infrastructure and mining sentiment. Additionally, the company's previously announced 20-year, $19 billion data center lease agreement with Anthropic continues to underpin the long-term investment thesis.

(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.)