TeraWulf has been upgraded from Hold to Buy after its stock price dropped to $15, making its valuation more attractive. The company has shifted focus from bitcoin mining to high-performance computing (HPC) leasing, with over 70% of its revenue now coming from AI infrastructure contracts. Contracted revenue has doubled to $27 billion, with 839 MW leased and a 2.1 GW pipeline. However, significant capital expenditure and dilution risks remain, and the analyst awaits evidence of reduced cash burn and successful project delivery before recommending a Strong Buy.
Shares of neocloud operators like CoreWeave, Nebius Group, and TeraWulf dropped significantly due to concerns over AI spending and a sharp rise in long-term Treasury yields hitting a 19-year high. Despite strong recent revenue growth and contracts, i...
Shares of Bitcoin miners shifting focus to AI infrastructure, including Cipher Mining, TeraWulf, and HIVE Digital, dropped significantly due to rising 10-year Treasury yields nearing 4.7%. Higher yields increase borrowing costs and reduce the present...
