Terawulf Shares Surge on Strategic Corporate Action

Terawulf’s stock demonstrated significant upward momentum, climbing more than 10% in a single trading session. This substantial gain was primarily driven by the company’s announcement setting a definitive conversion date of December 9, 2025, for its Series A Convertible Preferred Stock. Market participants responded favorably to this strategic initiative, which is designed to streamline the corporate capital framework.

The company’s latest quarterly report, covering the third quarter of 2025, presents contrasting financial metrics:
* The organization reported a GAAP net loss of $455 million
* Conversely, the non-GAAP adjusted EBITDA showed marked improvement, increasing by 25% to reach $18.1 million
* Total revenue climbed to $50.6 million, a figure that includes initial High-Performance Computing lease payments Read more...