Why TeraWulf Stock Skyrocketed 83.1% in August

Shares of TeraWulf (NASDAQ: WULF) flew higher in August, finishing the month up 83.1%. The massive gain came as the S 500 (SNPINDEX: ^GSPC) rose 3.5% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 3.9%.

TeraWulf, a Bitcoin miner and high-performance computing (HPC) infrastructure company, announced a multibillion-dollar lease agreement with an artificial intelligence (AI) data center operator that is guaranteed by 's Google. The deal represents one of the largest data center partnerships to date in the current race to expand AI compute capacity.

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Source Fool.com