Terawulf Inc

WULF has triggered a clear momentum breakout above recent horizontal congestion and is holding tightly above its short-term EMAs, shifting the medium-term bias to bullish despite a longer-term downtrend. The breakout zone near the 16.70–16.75 area and rising 9/20 EMA confluence offer structurally sound entry areas. Key risks include failure to sustain EMA support or rejection at the 50-day SMA, which would undermine the bullish outlook.

• ↑Anthropic 20-year lease on 401 MW at Justified Data locks ~$19 B contracted revenue
• ↑B. Riley boosts price target to $40, maintains Buy on AI diversification
• ↓Earnings yield of -4.24 and forecast Q2 revenue decline highlight poor profitability