TeraWulf’s Aggressive HPC and AI Push Wins Citi Backing
Wall Street consensus is Strong Buy at $36.34, implying 40% upside as the company pivots aggressively into AI and HPC infrastructure.
Wall Street consensus is Strong Buy at $36.34, implying 40% upside as the company pivots aggressively into AI and HPC infrastructure.
Bank of America starts coverage on TeraWulf with a Buy rating and $34 price target. The company is shifting from Bitcoin mining to high-performance computing and aims for 3GW by 2030.
TeraWulf, Cipher Digital, Hut 8, and Fluidstack secure major Anthropic leases backed by Google in a landmark $35 billion financing package.
TeraWulf acquires the Muskie Data Campus in Eastern Kentucky, a 1+ GW hyperscale site for AI and HPC. Initial 500 MW delivery expected in H2 2028, with another 500 MW targeted for 2030.
TeraWulf is shifting from Bitcoin mining to AI data centers. Revenue missed, loss grew, but AI leasing is rising fast.
TeraWulf expects lower revenue, shifts to AI computing, raises cash, carries high debt, and stock fell after the update.