TeraWulf Inc. (WULF) Gets Initiated With a Buy Rating by Arete – Here’s Why

robot
Abstract generation in progress

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.

BTC0.47%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin