Arete analyst Pierre-Marie D’Ornano initiated coverage of TeraWulf (WULF) with a Buy rating and $30 price target The company’s background in energy should enable it to capitalize on site expansion opportunities and behind-the-meter, the analyst tells investors in a research note. The firm sees this supporting a significant megawatt expansion opportunity overtime. It believes TeraWulf will shut down its bitcoin mining operations down by the end of 2026. Arete views the shares as attractively valued at current share levels.
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