TeraWulf Received Upgrade Rating from KBW

KBW has updated its market performance rating for TeraWulf to outperform. With this development, the company's target price has been raised from $9.50 to $24.

In the bank's statement, it was noted that the artificial intelligence (AI) and high-performance computing (HPC) leasing activities will surpass Bitcoin mining, which is the company's main source of earnings.

Additionally, with the increase in leasing revenues, rapid EBITDA growth and valuation increase are expected.