KBW upgrades TeraWulf to outperform, sees AI pivot as catalyst for sharp growth

MEVictim · 2025-12-31T15:24:45+00:00

KBW upgraded TeraWulf to "outperform," raising its price target to $24, citing growth potential from its shift from bitcoin mining to AI and high-performance computing leasing, which is expected to significantly enhance earnings.

MEVictim

2025-12-31 15:24:45

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Source: CryptoNewsNet Original Title: KBW upgrades TeraWulf to outperform, sees AI pivot as catalyst for sharp growth Original Link: Investment bank KBW upgraded TeraWulf (WULF) to “outperform” from “market perform” while raising its price target to $24 from $9.50.

The bank said the market is underestimating the earnings upside from the company’s shift away from bitcoin mining toward AI and high-performance computing (HPC) leasing.

“We think investors underappreciate the magnitude of the BTC mining to HPC leasing mix shift in 2026-2027 and robust growth catalysts on 646 MW net of visible HPC leasing pipeline through 2027,” wrote analyst Stephen Glagola in the Wednesday report.

The shares were modestly higher in early trading Wednesday, at $11.18.

Bitcoin miners have increasingly pivoted to hosting AI and high-performance computing hardware in their existing data centers to boost profitability.

BTC0,48%

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LiquidityWitch

· 2025-12-31 15:54

Wulf's recent upgrade is quite aggressive, with a target price that doubles... The AI concept is just a universal theme.

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PessimisticOracle

· 2025-12-31 15:53

Another "AI pivot" story, let's see how long it can last.

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EthMaximalist

· 2025-12-31 15:51

Is Wulf's recent upgrade reliable? It feels like another hype around the AI concept.

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GovernancePretender

· 2025-12-31 15:48

WULF's recent upgrade looks pretty impressive, $24? Come on, it's just another AI concept hype.

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MiningDisasterSurvivor

· 2025-12-31 15:46

Here we go again, with upgrade ratings and doubling target prices. I've been through this before; in 2018, those mining companies were also hyped up like this. And in the end? When a mining disaster hit, they all collapsed. AI pivot sounds more advanced than mining, but frankly, it's still the old trick of project teams, just changing the concept to keep making empty promises.

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