Elon Musk has predicted that his new venture - something I’m calling “X-9840” - could become “a trillion dollar company.”
Today, only three companies in the US are worth more than $2 trillion. Microsoft… Apple…and Nvidia.
And each of those companies gave their early investors the chance to become millionaires over several decades - starting with just a $1,000 investment.
Elon has said he could flip the switch “as early as mid 2024.”
Earnings Date: November 12, 2024 (After Close)
Market Cap: $3.14B
Yearly Gain: 681.90%
P/E Ratio: N/A
Change 1 Week: 25.92%
Change 1 Month: 86.59%
Summary:
TeraWulf operates environmentally-focused bitcoin mining facilities powered by nuclear, hydro, and solar energy. Recent infrastructure expansions and energy partnerships strengthen market position ahead of Q3 earnings.
Positive:
Industry-leading clean energy focus differentiates from competitors, with 91% carbon-free power sources. Strong institutional backing supports aggressive growth plans. Q3 expectations suggest increased mining capacity and improved operational efficiency. Recent partnerships enhance long-term sustainability advantages.
Negative:
Current valuation exceeds analyst targets by 18%, suggesting potential short-term volatility. High correlation to bitcoin prices adds risk layer. Pre-earnings momentum may lead to elevated expectations for Q3 results, increasing downside risk if targets are missed.
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