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Investment bank KBW upgrades TeraWulf's rating and raises the target price to $24
PANews January 1 News, according to Cointelegraph, investment bank Keefe, Bruyette & Woods (KBW) has upgraded the rating of Bitcoin miner TeraWulf (WULF) from “In Line with Market Performance” to “Outperform,” and raised the target stock price from $9.5 to $24. KBW stated that this re-evaluation is based on investors “underestimating the extent of the shift from Bitcoin mining to high-performance computing (HPC) leasing business portfolio in 2026-2027, as well as the strong growth momentum brought by the 646 MW HPC leasing projects by 2027.”