WULF - What's Going On With Bitcoin Miner TeraWulf's Stock? | Benzinga
TeraWulf Inc. (NASDAQ:WULF) shares are trading higher Wednesday as Bitcoin rises after May CPI figures came in cooler than expected.
What Else?
On Tuesday, Cantor Fitzgerald analyst Josh Siegler assumed coverage of TeraWulf with an Overweight rating and raised the price target to $7.
The analyst highlighted TeraWulf's debt reduction and second-lowest gross power rates among bitcoin miners. Siegler also noted the company has 300 MW of power which he expects to be utilized for AI/HPC purposes, making TeraWulf the best way to play the AI/HPC theme among Cantor Fitzgerald's coverage.
TeraWulf shares are moving on above-average ...