TeraWulf Inc. (NASDAQ:WULF) stock moved higher Monday, rebounding from a recent sharp selloff. CEO Paul Prager stated TeraWulf operates as a colocation company. It owns its land, energy, and data centers, distinguishing it from neocloud operators like CoreWeave. This model provides long-term, predictable cash flow.
Prager highlighted TeraWulf focuses on investment-grade counterparties. This includes a backstop from Alphabet Inc. at its Lake Mariner facility. This strategy allows the company to raise capital at more competitive rates. It also reduces financing risks. The company guided buildout costs between $8 million and $10 million per megawatt. It expects to deliver Data Hall 4 in the second half of 2026.