TheStreet Pro's Stephen Guilfoyle knows what you're thinking.

The veteran trader recently turned his attention to TeraWulf ( WULF ) , which saw its stock skyrocket on Aug. 14.

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"Sarge, isn't Terawulf a cryptocurrency mining operation?" he wrote. "Yes, but that said, the firm is transitioning into something bigger and potentially far more consequential than that."

Guilfoyle said TeraWulf has pivoted toward providing infrastructure to so-called hyperscalers, the large cloud service providers offering massive computing power and storage capacity, with a focus on AI-related workloads.

"In short, the firm is likely trying to position itself as a competitor to CoreWeave ( CRWV ) ," he said, referring to the AI

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