TeraWulf Received an Upgrade Note from KBW

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

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.