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TeraWulf Inc. (WULF) Gets Initiated With a Buy Rating by Arete – Here’s Why
TeraWulf Inc. (NASDAQ: WULF) has been initiated with a Buy rating by Arete, setting a price target of $30, largely due to its energy background and potential for site expansion. The firm views WULF’s shares as attractively valued, despite the company’s plan to shut down Bitcoin mining operations by late 2026. In fiscal year 2025, TeraWulf reported strong financial results with $168.5 million in revenue and $23.1 million in non-GAAP adjusted EBITDA, benefiting from long-term data center lease agreements.