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U.S. stock futures were lower this morning, with the Dow futures falling more than 50 points on Wednesday.
Shares of TeraWulf Inc. (NASDAQ:WULF) fell in pre-market trading after the company reported preliminary results and announced a common stock offering.
After the market close on Tuesday, TeraWulf said it expects first-quarter revenue to be between $30 million and $35 million versus $34.41 million in the first quarter of 2025. The company also said it expects adjusted EBITDA to be between breakeven and $3 million in the first quarter.
TeraWulf further announced that it expects to offer $800 million of its common stock in a public offering.
TeraWulf shares dipped 5% to …
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