10 Most Undervalued Bitcoin Mining Stocks to Buy Now

6. TeraWulf Inc. (NASDAQ:WULF)

Analyst Upside: 191.41%

Number of Hedge Fund Holders: 43

TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.

The company’s unique focus on cost-effective and clean energy is significant, as the Bitcoin mining industry is increasingly aligning with its core strengths of commitment to sustainable energy and operational excellence. In 2024, TeraWulf Inc. (NASDAQ:WULF) doubled its revenue and adjusted EBITDA year-over-year, driven by higher Bitcoin production and favorable Bitcoin pricing. As of year-end, the company achieved a hash rate of 9.7 exahash per second, powered by approximately 60,000 miners.

It is on the path to further boost its operations, having received over 90% of its new S21 Pro miners, which, once fully deployed, would bring its total mining power utilization to 245 megawatts, increase its hash rate to 13.1 exahash per second, and improve its fleet efficiency to 18.2 joules per terahash. All these factors support positive investor sentiment regarding the company.