Roth Capital raised the firm’s price target on TeraWulf (WULF) to $14 from $12.50 and keeps a Buy rating on the shares. The firm is updating its model to reflect the company’s 160MW option exercise with Fluidstack, along with its $850M convertible notes offering, the analyst tells investors in a research note. Roth adds that its higher price target is driven by added capacity as well as any additional sites that TeraWulf may add to its portfolio.
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