TeraWulf (WULF) Surges 7.8% on Investor Optimism for Digital Coins Bills Passage

We recently published 10 Stocks Exploding Higher: Bitcoin Miners Dominate the List. TeraWulf Inc. (NASDAQ:WULF) is one of Wednesday's top performers.

TeraWulf jumped by 7.8 percent on Wednesday to close at $5.25 apiece as investors remained optimistic about the passage of three bills that would regulate the framework of digital assets and cryptocurrencies.

TeraWulf Inc. (NASDAQ:WULF) rallied alongside Bitcoin prices and its mining peers, on optimism that the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, will secure lawmakers’ green light and pass into law.

The Genius Act, for its part, needed the approval of House lawmakers before President Donald Trump signs it into law.

However, a snag cast doubt on the fate of the measures, which led to the failed approval of the bills earlier this week. While Trump promised the passage on Tuesday morning, no measure succeeded during the day.

Despite the failed approval, investors were holding onto the industry’s strong backing from Trump himself, who promised earlier this year to make cryptocurrency a national priority.

In other news, TeraWulf Inc. (NASDAQ:WULF) is expected to release the results of its second quarter earnings performance in the second week of August 2025.

While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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