TeraWulf received an upgrade note from KBW.

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

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

Additionally, with the increase in rental income, rapid EBITDA growth and valuation increase are expected.