WULF Stock Today: TeraWulf Rallies on Mandatory Preferred Conversion and AI Data Center Push (Nov. 25, 2025)
TeraWulf Inc. announced Tuesday it will convert all Series A preferred shares into common stock after meeting price conditions, triggering a roughly 1% share dilution. WULF stock rose about 7% to $13.57, with intraday trading between $11.89 and $13.90. The move adds 1.215 million shares, raising the total to about 420 million. Market cap stands near $5.7 billion, with year-to-date gains of 130%.