TeraWulf (WULF) Completes Full Acquisition of Beowulf E&D

TeraWulf Inc. (NASDAQ:WULF) is one of the 10 Best Small-Cap Stocks to Buy According to Billionaires. On May 27, TeraWulf Inc. (NASDAQ:WULF) announced the acquisition of all the membership interests of Beowulf Electricity & Data LLC and its affiliates.

This deal helps TeraWulf Inc. (NASDAQ:WULF) make its company structure simpler by removing a related-party relationship and consolidating resources under a unified operating framework.

The total consideration for the acquisition is about $52.4 million. This includes $3 million in cash and 5 million shares of TeraWulf Inc. (NASDAQ:WULF) common stock issued at closing. Following this deal, the company’s earlier cost guidance for 2025 remains unchanged.

Beowulf Electricity & Data LLC and its affiliates bring strong experience in building and operating power generation assets and electrical infrastructure. By integrating these capabilities into TeraWulf Inc. (NASDAQ:WULF), the company aims to support its long-term growth plans. This is especially important as power generation plays a crucial role in high-power compute operations.

TeraWulf Inc. (NASDAQ:WULF) is an American company that develops, owns, and operates next-generation data center infrastructure that is specifically designed for Bitcoin mining and hosting high-power computing workloads.

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Disclosure: None. This article is originally published at Insider Monkey.