TeraWulf Received an Upgrade Note from KBW

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

In the bank's statement, it was indicated that the artificial intelligence (AI) and high-performance computing (HPC) leasing activities would 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.