BofA Securities initiates TeraWulf at Buy with $34 price target, betting on AI pivot
➤ BofA Securities initiated coverage on TeraWulf (WULF) with a Buy rating and $34 price target, highlighting its successful pivot from Bitcoin mining to AI data center operations. ➤ TeraWulf's High-Performance Computing (HPC) revenue has surpassed Bitcoin mining revenue for the first time, driven by its Lake Mariner facility and the acquisition of the Muskie Data Campus. ➤ The company's strategic shift to data center infrastructure is attracting significant Wall Street attention, with multiple firms issuing bullish ratings and price targets in the low-to-mid $30s.









