Shares of WULF, a cryptocurrency mining company, have surged by 11% as of November 27, 2024, reaching new highs above $7. This rally is attributed to positive movements in the cryptocurrency market, particularly Bitcoin, which has influenced other mining stocks like IREN. Notably, hedge fund manager Stanley Druckenmiller increased his stake in WULF by 40.88% during the third quarter, bringing his total holdings to 2,944,451 shares. This makes him one of the ten largest hedge fund holders of WULF shares. The month of November has been particularly strong for WULF and IREN, capping off a successful period for these stocks.