TeraWulf Inc. (NASDAQ:WULF) ranks among the best short squeeze stocks to buy right now. Following TeraWulf Inc. (NASDAQ:WULF)’s third-quarter 2025 earnings report, Citizens reaffirmed its Market Outperform rating and $22 price target on November 11.

TeraWulf’s performance in the third quarter of 2025 came in relatively mixed. The company revealed a larger-than-expected loss with earnings per share of -$1.13 relative to the expected -$0.05, though it reported a 6% quarter-over-quarter growth in GAAP revenues to $50.6 million. However, the company’s total profitability was impacted by the 22% drop in self-mined Bitcoins from the previous quarter. On the other hand, TeraWulf Inc. (NASDAQ:WULF) stated that it intends to boost its high-performance computing (HPC) capacity by 250–500 megawatts annually.

Citizens stated that TeraWulf Inc. (NASDAQ:WULF) has evolved from a “highly-speculative operation” to a company with “a line of sight to rapidly exhausting the capacity of its two initial sites,” citing new anchor tenant clients who have shown the company’s reliability.

TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates industrial-scale data center infrastructure in the US that is designed specifically for Bitcoin mining and high-performance computing (HPC) hosting.

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: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.