BUZZ-TeraWulf gets 'buy' rating as Needham starts coverage
Reuters · 09/04 11:29
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** Brokerage Needham starts coverage on bitcoin miner TeraWulf WULF.O with a "buy" rating and $6 PT, implying a 57% upside to stock's last close
** TeraWulf is one of the best suited miners to convert data center capacity to high-performance computing (HPC) - brokerage
** Needham expects TeraWulf to be early to market in brining a 100-megawatt-plus site online for HPC
** Expects HPC to be a fast-growing, attractive and stable margin business for miners with available power capacity
** All 8 brokerages rate the stock "buy" or higher; median PT is $6 - LSEG data
** WULF shares up 52.9% YTD, as of last close
(Reporting by Arasu Kannagi Basil in Bengaluru)
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