TeraWulf (NASDAQ:WULF) falls as $13B AI power effort outpaces sales
TeraWulf closed down 0.9% at $25.83 on more than double its average volume, leaving the stock up 124.8% this year but trading at 94 times annualized Q1 revenue—highlighting that its $12.8 billion valuation hinges on future AI lease growth, not current sales.