New York, Jan 24, 2026, 05:50 EST — Market closed.
Shares of Nasdaq-listed TeraWulf Inc jumped 9.5% on Friday to end at $14.12, after swinging between $12.28 and $14.22. About 29.6 million shares changed hands.
The rally tracked a rebound in bitcoin, which briefly reclaimed the $91,000 level in U.S. afternoon trading, according to a CoinDesk report carried by Fidelity. The report said miners including TeraWulf and CleanSpark reversed early losses and were up 5% to 10%. (Fidelity)
Bitcoin was last around $89,459 early Saturday, up about 0.6% from its previous close, trimming some of Friday’s burst. “Investors were taking a ‘wait-and-see approach,’” said Gene Goldman, chief investment officer at Cetera Investment Management, as markets head into a heavy week of macro risk and earnings. (Reuters)
Other U.S.-listed miners also finished higher on Friday. Marathon Digital added about 2.1%, Riot Platforms gained about 1.3% and CleanSpark rose about 3.9%.
TeraWulf calls itself a digital asset miner and a high-performance computing company — high-performance computing, or HPC, is rented server capacity used for heavy workloads such as AI. (TeraWulf Inc.)
Mining stocks tend to magnify moves in the coin itself, because bitcoin’s price feeds revenue while costs like power don’t move in lockstep. When the coin snaps, the equities usually snap harder.
Friday’s crypto rebound came as currency markets turned jumpy around the yen. The New York Fed carried out dollar/yen rate checks around midday, a step traders watch as a possible signal of readiness to intervene, Reuters reported. (Reuters)
But the leverage cuts both ways. A drop in bitcoin, a jump in “network difficulty” (how hard it is to mine new coins), or higher power prices can squeeze miners quickly and bring sellers back.
Broader U.S. stocks ended mixed on Friday, with the Dow down 0.58% and the Nasdaq up 0.28%, as Intel slid on a weak outlook and investors looked ahead to major tech earnings, Reuters reported. (Reuters)
With U.S. markets closed for the weekend, traders will be watching whether bitcoin holds near $90,000 and whether crypto-linked stocks keep their footing when New York reopens on Monday. TeraWulf’s wide intraday range on Friday is the tell: this tape can move fast.
The next big calendar hit is Wednesday, Jan. 28, when the Federal Reserve is due to announce its policy decision at 2 p.m. ET, followed by Chair Jerome Powell’s press conference at 2:30 p.m., according to the Fed’s schedule. (Federal Reserve)
