Added to YB: 2024-08-06
Pitch date: 2024-08-05
WULF [bearish]
TeraWulf Inc.
-10.07%
current return
Author Info
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Company Info
TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States.
Market Cap
$1.3B
Pitch Price
$3.85
Price Target
N/A
Dividend
N/A
Sector
Software
Category
special_situation
Coal, Crypto, and False Branding: Inside TeraWulf’s Greenwashing Machine
WULF: Claims 93% zero-carbon energy at Lake Mariner facility, but NYPA & grid data contradict. No RECs purchased. CEO's related companies receive large payments. Pivoting to AI data centers, but 7+ year payback. Stock up 2x in 6mo on green claims & AI potential. Risks: greenwashing, self-dealing, AI pivot uncertain.
Read full article (16 min)