Terawulf (WULF) Reiterated at Market Outperform by Citizens: Can Unlock ~$84 Per Share

Citizens analyst Greg Miller reiterated a Market Outperform rating and $22.00 price target on Terawulf Inc. (NASDAQ: WULF).

The analyst commented, "TeraWulf is monetizing its upstate New York facilities to deliver hyperscale data center capacity at a fraction of the power cost of traditional markets. The company has secured HPC agreements, including leases with Core42 (private) and FluidStack (private), as well as a joint venture to expand scale. These agreements validate market demand and strengthen WULF’s customer base. The company is targeting 250–500MW of leased capacity annually, supported by an estimated 3GW development pipeline over the next five years. Based on these assumptions, we believe this pipeline could hypothetically unlock ~$85 per share value for shareholders over time as it monetizes its projected future pipeline capacity."

For an analyst ratings summary and ratings history on Terawulf Inc. click here. For more ratings news on Terawulf Inc. click here.

Shares of Terawulf Inc. closed at $16.03 yesterday.

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