Northland analyst Mike Grondahl raised the firm’s price target on TeraWulf (WULF) to $15 from $12 and keeps an Outperform rating on the shares. TeraWulf has now contracted about 360 MW of HPC with Fluidstack, representing $6.7B in contracted revenue and potential to reach $16B with lease extensions, notes the analyst, who also points out that the companies’ press release also noted that the two are engaged in ongoing discussions regarding additional capacity expansions.
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