New York, Jan 5, 2026, 12:26 EST — Regular session
- TeraWulf shares rose about 5% midday, tracking bitcoin’s gains.
- Crypto-exposed equities firmed as investors weighed geopolitical risk and a busy U.S. data week.
- Traders are watching Friday’s U.S. jobs report for clues on rate expectations.
Shares of TeraWulf Inc (WULF) rose 4.9% to $13.36 in midday trading on Monday, lifting with bitcoin as crypto-linked stocks caught a bid.
The move matters now because miners often trade as a high-beta proxy for the token: when bitcoin rises, revenue expectations can improve quickly, while power and infrastructure costs tend to adjust more slowly.
Risk appetite also steadied across markets after weekend geopolitical headlines, leaving investors focused on the near-term path for U.S. interest rates and the data that could reset it.
Bitcoin was up about 2.2% near $93,415, and other listed miners and crypto-exposed names also pushed higher, helped by firmer U.S. equities in the regular session.
TeraWulf operates industrial-scale data centers used for bitcoin mining and, increasingly, for high-performance computing (HPC) — servers built to run heavy workloads such as artificial intelligence.
The company’s last major update came on Dec. 18, when it said it had priced project-level financing for a 168-megawatt HPC joint venture with Fluidstack at its Abernathy, Texas campus, with commissioning expected in the second half of 2026.
With no fresh company announcement on Monday, traders treated WULF largely as a read-through on bitcoin and broader risk sentiment; TeraWulf’s investor calendar currently lists no upcoming events.
“The first trading week of the New Year may likely revolve around whether tech will find its footing,” Chris Larkin, managing director for trading and investing at E*TRADE from Morgan Stanley, said in a note. Reuters
The risk for miners is that the trade can turn fast: a pullback in bitcoin can squeeze margins, while higher power prices, execution slip-ups on new data-center builds, or tighter financing conditions can weigh on cash needs.
