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Why Did TeraWulf Stock (WULF) Skyrocket 16.8% Today?


Shares of TeraWulf (NASDAQ: WULF) soared on Tuesday, finishing the day up 16.8%. The move comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.2% and 0.8%, respectively.

The data center builder's stock flew higher after the company announced a new 25-year deal worth $9.5 billion. The company also released preliminary numbers for its third quarter, revealing an 84% jump in revenue year over year (YOY).

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Source Fool.com

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