Jim Cramer on TeraWulf: "It's Pure Spec, But I Am a Believer"

TeraWulf Inc. (NASDAQ:WULF) is one of the stocks Jim Cramer recently commented on. Answering a caller’s query about the stock, Mad Money’s host said:

“Yeah, it’s a Bitcoin mining stock that people think is going to do far more than just Bitcoin, and they, I’ve gotta tell you, I’m a believer. It’s pure spec, but I am a believer.”

TeraWulf Inc. (NASDAQ:WULF) develops and operates bitcoin mining facilities and provides hosting services for digital asset mining. When a caller inquired about the stock during the October 27 episode and Cramer responded:

“Yeah, well, this isn’t, no look, if you want to have Bitcoin, the amazing thing about Bitcoin is you buy Bitcoin. I want you to sell Terawulf. Now, look, the shorts could rub it in my face, and there’s a big short position, 31%, and it could go up. But I don’t have any convictions, so I can’t tell you to buy it.”

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