Jim Cramer Says "Terawulf is Just Kaput"

TeraWulf Inc. (NASDAQ:WULF) is one of the stocks on Jim Cramer’s radar. Inquiring about the stock, a caller asked if there is an upside going forward. Cramer remarked:

“No, no. Terawulf is just kaput. We want to go elsewhere. We do not have to mess with that low quality. We like high quality, high quality only on Mad Money.”

TeraWulf Inc. (NASDAQ:WULF) is a digital asset technology company engaged in the development and operation of bitcoin mining facilities. The company also provides hosting services for third-party miners. On July 31, when Cramer was asked about the company, he said:

“Well, again, I mean, I like the real, I’m a real deal guy. I got, I like the Bitcoin. I can, you know, I wish I could feel it. I like gold even more, but that’s a whole ‘nother kettle of gold.”

Furthermore, in August, TeraWulf Inc. secured an 80-year ground lease for roughly 183 acres at the Cayuga site in Lansing, New York, granting exclusive rights to develop up to 400 megawatts of digital infrastructure. The company plans to have 138 megawatts of mostly zero-carbon power ready by 2026, including a 67-megawatt solar installation. An 800 megawatt-hour battery storage system is also in advanced development nearby.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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