Northland analyst Mike Grondahl raised the firm’s price target on TeraWulf (WULF) to $16.25 from $15 and keeps an Outperform rating on the shares after the company announced the pricing of its $3.2B offering of senior secured notes due 2030 at 7.750%. The firm views the pricing as “very attractive” and sees it underscoring TeraWulf ‘s improving financing conditions, the analyst tells investors.
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