My Favorite BITCOIN Miner Stock. Up 36% in the past day.
On Tuesday, Cantor Fitzgerald analyst Josh Siegler assumed coverage of TeraWulf with an Overweight rating and raised the price target to $7.
The analyst highlighted TeraWulf's debt reduction and second-lowest gross power rates among bitcoin miners. Siegler also noted the company has 300 MW of power which he expects to be utilized for AI/HPC purposes, making TeraWulf the best way to play the AI/HPC theme among Cantor Fitzgerald's coverage.
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