TeraWulf Inc. (WULF) Secures Financing amid HPC Opportunities Push

Terawulf Inc (NASDAQ:WULF) is one of the best US stocks to buy under $50. On December 18, Terawulf Inc (NASDAQ:WULF) secured financing for a 168 MW high-performance computing facility in Texas. The funding is part of a long-term credit enhancement provided through the Fluidstack platform.

The company plans to develop a next-generation liquid-cooled AI data center delivering 240MW of gross power capacity. Its development underlines TeraWulf’s evolution as it moves to capitalize on sustained high-performance computing demand. Consequently, the company plans to expand the capacity of the initial 168MW phase while leveraging existing transmission land and development infrastructure.

“This financing represents another important step in scaling a platform that was designed from the outset to grow,” said Paul Prager, Chief Executive Officer of TeraWulf. “We focused early on building sites, relationships, and structures that could adapt as the AI market evolved. Today’s environment validates that approach.”

TeraWulf Inc. (NASDAQ:WULF) develops and operates sustainable, zero-carbon data centers for Bitcoin mining and high-performance computing (HPC), including AI workloads, providing digital infrastructure that integrates advanced technology with renewable energy sources such as nuclear, hydro, and solar.

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.