Why These 10 Stocks Were Skyrocketing on Friday

3. Terawulf Inc. (NASDAQ:WULF)

Terawulf Inc (WULF) saw its shares jump by 9.4 percent on Friday to close at $6.4 apiece, as investors gobbled up shares in the company ahead of the Trump administration’s return to office.

Trump, who was previously a cryptocurrency critic, made promises to bolster the cryptocurrency industry by releasing an executive order that will make cryptocurrency a national priority as soon as the first day of his new term.

According to reports, Trump could create a crypto advisory council he previously promised to give the industry a voice within his administration. A bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy.

Terawulf Inc (WULF) develops, owns, and operates environmentally sustainable data center infrastructure specifically designed for Bitcoin mining and high-performance computing. Currently, Terawulf Inc (WULF) generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including hydroelectric and nuclear power.