10 Firms End 2024 Stronger With Impressive Gains

3. TeraWulf Inc. (NASDAQ:WULF)

Shares of TeraWulf rose by 6.39 percent on Wednesday to end at $5.66 apiece as investors placed bets on the company following Monday’s decline.

Year-to-date, the company’s stock price posted an astonishing 146-percent gain from the $2.3 recorded on January 2, 2024.

TeraWulf has also been one of the most widely traded companies in the stock market last year and analysts believe that the Bitcoin miner will be able to continue its strong momentum towards 2025.

Last week, the company announced that it would lease over 70 megawatts of data center infrastructure to AI and cloud provider Core42 to expand its artificial intelligence revenue as it struggles with the rising Bitcoin mining costs.

“The data center leases reflect TeraWulf’s strategic extension into AI-driven computing, complementing its profitable Bitcoin mining operations,” TeraWulf said.