William Blair Starts Terawulf Inc. (WULF) at Outperform

William Blair analyst Jed Dorsheimer initiates coverage on Terawulf Inc. (NASDAQ: WULF) with a Outperform rating.

The analyst comments "Initiating at Outperform. We are initiating coverage of TeraWulf at Outperform. We view the recent pullback in shares as a favorable risk/reward entry point and our base-case fair value of $31 per share implies about 92% upside. The company has transformed into a leveraged power provider of critical IT load (CITL) for Anthropic, Google, and other hyperscalers. As it scales and converts its backlog into contracted revenue, we see room for multiple expansion and further upside."

For an analyst ratings summary and ratings history on Terawulf Inc. click here. For more ratings news on Terawulf Inc. click here.

Shares of Terawulf Inc. closed at $16.49 yesterday.

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