TeraWulf shares: Bitcoin, AI and Google lead to a price explosion
In this article you will learn:
- How exactly the company is switching from Bitcoin to AI
- Why the change in course makes investors so bullish
- Whether it is still worthwhile for crypto investors to get started now
TeraWulf is supplementing its core Bitcoin mining business model with long-term rental and service agreements for AI companies. The publicly listed US company thus earns money for years on contracts with guaranteed purchase quantities, escalation clauses, and compensation for operation and maintenance. For TeraWulf, this reduces its dependence on the BTC price and gives its business model more stability. While mining remains, it is losing importance. While most Bitcoin bulls may find this move incomprehensible, the stock market is rewarding the change in direction with a massive price jump. These are the reasons for the explosion in TeraWulf's share price.
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