Citizens JMP analyst Greg Miller initiated coverage of TeraWulf (WULF) with an Outperform rating and $7 price target With the ability to leverage existing deployments of low-cost and high-density power configurations currently present for bitcoin mining or hosting, the bitcoin power companies are “uniquely situated to provide additional space and power for data centers,” the analyst tells investors in a research note. The firm says TeraWulf selling out of capacity could hypothetically result in a stock price of $35.00 per share for the high performance compute business alone – realized over the long term.
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