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TeraWulf (WULF) Gets Initiated With a Market Outperform Rating at JMP Securities

TeraWulf (WULF) Gets Initiated With a Market Outperform Rating at JMP Securities

Yahoo4 days ago
TeraWulf Inc. (NASDAQ:WULF) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On May 22, JMP Securities analyst Greg Miller initiated coverage on TeraWulf Inc. (NASDAQ:WULF) with a Market Outperform rating, setting a price target of $7.
Galaxy Digital (NASDAQ:GLXY)
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In fiscal Q1 2025, TeraWulf Inc. (NASDAQ:WULF) commenced the buildout of dedicated HPC data halls and is on track to deliver 72.5 MW of gross HPC hosting infrastructure to Core42 in 2025.
The company increased its self-mining capacity by 52.5% year-over-year to 12.2 EH/s and energized Miner Building 5, bringing total capacity to 245 MW.
TeraWulf Inc. (NASDAQ:WULF) also initiated the process to secure additional HPC customers, targeting 200–250 MW operational by the end of 2026. The company has $219.6 million in cash and bitcoin holdings as of March 31, 2025.
TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.
While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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Silicon Valley Is Nearing A Breaking Point
Silicon Valley Is Nearing A Breaking Point

Forbes

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  • Forbes

Silicon Valley Is Nearing A Breaking Point

American comedian Gallagher (born Leo Gallagher Jr) moving fast and breaking things at the Rosemont ... More Horizon, Rosemont, Illinois, July 10, 1981. (Photo by) The current mood in Silicon Valley seems to be dominated by this sentiment, originally popularized by Facebook. And for many leaders in the tech center of the universe, Silicon Valley, it has spread beyond just information technology innovation and into a sense of how to reinvent all walks of life, all industries, and even politics. For many of the giants in today's tech and innovation sector, technology is by itself the solution to everything. It is Schumpeterian thinking dialed up to eleven. It is quasi-religious, in that there is a sense that a great technology flood will wash over the economy and society and wash clean the ills, leaving behind efficient, reinvented new industries, regulations (if even needed at all) and personal behavior. Some of this is a byproduct of ideology and an independent streak – an understandable frustration that today's systems are antiquated and in many cases broken, giving the idea of starting from scratch a romantic appeal. These are brilliant people who think big and so aren't tethered to old 'this is how it's done because this is how it's always been done' thinking. Some of this is a byproduct of naivety and not ideology – I once sat in a meeting while a very successful individual from Silicon Valley lamented how hard it was to change Sacramento… and concluded that his next step was therefore to go fix Washington, DC. Because of course changing Washington DC would be easier than changing a state government. Sure. This combination of ideology and naivety has recently impacted how some of the most powerful in Silicon Valley view the climate change challenge, among other 'non-tech' issues. For some of these titans, there is a sense that the people most in need of innovative solutions around issues like climate have rejected them personally, so the heck with those issues, no need to care about all that fluffery anymore. For others, there is a sense that what is needed isn't to try to improve the current infrastructure over time, but simply to effectively start over. For example: Working with today's utilities on energy efficiency is a waste of time, go invent commercially-viable fusion-based nuclear power and the rest (ie, who will finance those plants, who will build those plants, who will maintain those plants, who will distribute the power from those plants) will simply sort itself out. These sentiments may seem in opposition to each other, but in reality they are simply two sides of the same techno-superiority coin. So, moving fast and breaking things (either ignoring petty issues like a rapidly degrading global climate or undermined political-economic foundations, or assuming they'll be addressed by unnamed others because, you know, 'Innovation') is pretty much how many of the leaders in Silicon Valley are setting their agendas these days. But here's the thing – they would never think to do this with data center construction. Nor with IT networks or microchips or any of the other hardware and infrastructure that they know they fully depend upon for their own innovations to work. These giants of the tech industry know full well that they can't 'move fast and break things' when it comes to building out and maintaining the infrastructure that is core to their own operations. They employ huge teams of project developers who are tasked with definitely not being sloppy and letting things break. They pay for the careful maintenance of decades-old communications infrastructure. Unlike fuzzy concepts like climate change and politics, these are very concrete systems that must be built the right way, not just assumed to be built by someone else unnamed, and (of course!) incorporating a lot of 'old tech' alongside innovations rather than replacing it. This infrastructure is very real to these tech leaders, and thus given the respect and investment it deserves. As a rapidly degrading global climate and increasingly undermined political-economic foundations come to the fore, they will also start to become very real to these same leaders. Natural disasters are already affecting the tech sector's customers, workforces, and infrastructure. Political-economic uncertainty will begin impacting revenues and costs (see Exhibit A: Tariff uncertainty, and Exhibit B: Unforecasted and significant costs recently incurred by various universities, law firms and media companies – will the tech industry be next?). As these risks start to directly impact the day to day business of these tech leaders, they will no longer be able to consider them some distant concepts to be treated academically. They will have to invest into clean energy, climate adaptation and resiliency, clean water, and stable politics. Or their companies, industries and personal wealth will suddenly start to directly suffer the consequences. The good news is that Silicon Valley has a long and proven history of building great infrastructure. When push comes to shove, 'move fast and break things' quickly gets put aside in favor of professional, thorough, critical infrastructure investments. All that needs to happen is for their definition of 'critical infrastructure' to be broadened to include the planet they live on and the social and economic foundations that they depend upon. Silicon Valley may soon be at this breaking point, if not already there. Not abandoning techno-centric viewpoints and big bold ideas. Just no longer naively leaving these other crucial underpinnings like the environment, the economy and society to someone else to deal with. And when that happens, when the technology Great Flood assumption is abandoned and these brilliant minds are put to work actually pragmatically addressing this 'infrastructure' broadly defined… we will see an amazing resurgence of actual investments and scalable solutions for these mounting challenges. The innovative power of Silicon Valley is one of the most powerful forces humanity has ever built, and harnessed correctly accomplishes amazing things. Just as when a fever breaks, when Silicon Valley finally reaches this breaking point it will be a very good thing.

Allianz Life confirms data breach affecting majority of 1.4M US customers
Allianz Life confirms data breach affecting majority of 1.4M US customers

Associated Press

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Allianz Life confirms data breach affecting majority of 1.4M US customers

MINNEAPOLIS (AP) — Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed Saturday. Minneapolis-based Allianz Life, a subsidiary of Munich, Germany-based Allianz SE, said the data breach happened on July 16 when a 'malicious threat actor' gained access to a third-party, cloud-based system used by the company. 'The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique,' Allianz Life said in a statement. 'We took immediate action to contain and mitigate the issue and notified the FBI.' The company said its own systems were not accessed, just the third-party's platform. Allianz Life said its investigation is ongoing and that the company has begun reaching out to the impacted individuals. It said the incident involves only Allianz Life in the U.S., not other Allianz corporate entities. In the case of data breaches, a 'social engineering technique' usually involves using trickery to gain access. Spokesman Brett Weinberg said he couldn't provide details because they are still investigating. Allianz Life also reported the breach to multiple other authorities, including the Maine Attorney General's Office. A filing on the agency's website said the company discovered the breach the day after it happened, and that it will be offering those affected 24 months of identity theft protection and credit monitoring. Allianz Life was known as North American Life and Casualty until it was acquired by German conglomerate Allianz SE in 1979 and changed its name to Allianz Life Insurance Company of North America. It has nearly 2,000 employees in U.S., with the majority working in Minnesota, according to its website. It is one of five North American subsidiaries of the Munich-based global financial services group Allianz SE, which says it serves more than 125 million customers worldwide.

Astronomer's Gwyneth Paltrow Video Offers A Crisis Playbook For CEOs
Astronomer's Gwyneth Paltrow Video Offers A Crisis Playbook For CEOs

Forbes

timea minute ago

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Astronomer's Gwyneth Paltrow Video Offers A Crisis Playbook For CEOs

Astronomer's video with Gwyneth Paltrow offers a key lesson. It all started with a kiss cam. At a recent Coldplay concert in San Diego, the stadium's camera focused on two individuals: then-Astronomer CEO Andy Byron and the company's Head of HR, Kristin Cabot. Instead of the usual playful kiss cam reactions, both executives visibly panicked, as shown in what rapidly became a notorious viral video. Within hours, the internet connected the dots: these weren't just two executives, they were both married to other people, escalating the incident into a full-blown corporate scandal. What followed was predictable: a slew of commentary, hot takes, and countless memes. Overnight, Astronomer transformed from a mere data analytics company to "the company from the Coldplay kiss cam incident." Both Byron and Cabot have since resigned, leaving the company to navigate the turbulent aftermath. For most companies, the standard crisis playbook involves issuing cautious and stale press releases, internal reviews, and hoping public attention quickly shifts elsewhere. But Astronomer unexpectedly chose a different path that included irony, creativity, and self-aware transparency. Astronomer's Unexpected Collaboration And Response Instead of standard corporate damage control, Astronomer responded in a remarkably unconventional way. Just 10 days after the incident, Astronomer released a humorous, television-style video featuring Gwyneth Paltrow, the ex-wife of Coldplay's lead singer, Chris Martin, as their 'temporary spokesperson.' In the spot shared across Astronomer's social channels, Paltrow cleverly intercepted uncomfortable questions. When an "OMG"-laden query began, she smoothly pivoted: "Yes, Astronomer is the best place to run Apache Airflow. We've been thrilled so many people have a newfound interest in data workflow automation." Paltrow smoothly interrupted another potentially awkward inquiry about their social media team's wellbeing, instead plugging Astronomer's upcoming September conference. She concluded perfectly: "We will now be returning to what we do best: delivering game-changing results for our customers." Beyond its polished production and sharp cultural awareness, the video notably avoided explicitly addressing the scandal. Rather than backpedaling or issuing repetitive apologies, Astronomer embraced self-aware humor, cleverly leveraging the viral attention that could have derailed their brand. Nothing Astronomer could have said or done would've erased the incident. Yet by leaning into it with tasteful humor and clever quips, they reframed the entire narrative and have started to reclaim agency from a situation that could have easily defined their future. Astronomer's Strategic Lesson: Never Let A Serious Crisis Go To Waste During the global financial crisis in 2008, then–President Obama's Chief of Staff Rahm Emanuel remarked: "You never want a serious crisis to go to waste. And what I mean by that is it's an opportunity to do things you think you could not do before." The phrase is often attributed to Winston Churchill, though the exact sourcing is debated. Regardless, the lesson remains vital for leaders to internalize: crises are transformative opportunities. When mishandled, crises erode trust, damage reputations, and shrink market value. However, when approached with clarity and authenticity, they become rare opportunities to reset, rethink, and reposition both the organization's brand and culture. Astronomer took efforts not to let the scandal become permanent baggage. Instead, they demonstrated a critical leadership skill: narrative control. In today's hyper-connected world, where culture moves at internet speed and perception becomes reality overnight, this ability to reframe crisis isn't just advantageous. It's essential. Three Keys From Astronomer's Response Astronomer's handling of this incident offers three important lessons in modern crisis management: When left incomplete, others will quickly fill your narrative vacuums. Astronomer proactively and decisively reclaimed their story, mitigating prolonged reputational damage. Boring, by-the-book, generic press statements appease attorneys, but not the audience. Astronomer's humorous, culturally aware approach resonated on a deeper, emotional level. Hiding or minimizing scandal only amplifies suspicion and lowers trust. Reframing demonstrates confidence, self-awareness, and courage. Consider contrasting cases: United Airlines' infamous passenger removal incident exemplified defensive, impersonal responses that only fueled public outrage. Conversely, Airbnb navigated pandemic layoffs transparently and empathetically, strengthening public trust. Astronomer charted a third path: rapid cultural engagement and narrative redirection. These examples underscore an enduring leadership principle: while you can't always prevent crises, you do have complete control over your response. Astronomer Reminds Us: Control Is Futile, Narrative Is King Astronomer reminds us that every crisis creates a story, and leaders must choose to either write their own or let external narratives prevail. Crises and unforeseen setbacks are inevitable. Your response is what defines you. Rahm Emanuel's quote remains especially relevant for today's leaders: "Never let a serious crisis go to waste." After all, because in 2025 and beyond, crises aren't just moments of reckoning, they're your greatest opportunities for transformation and growth.

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