TeraWulf (WULF) Issues June 2024 Production and Operations Update

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Terawulf Inc. (WULF) PT Raised to $10 at Cantor Fitzgerald

July 5, 2024 6:36 AM EDT

Cantor Fitzgerald analyst Brett Knoblauch raised the price target on Terawulf Inc. (NASDAQ: WULF) to $10.00 (from $9.00) while maintaining a Overweight rating.

The analyst comments "TeraWulf Inc. (WULF) released its June operations update this afternoon (7/3). We have updated our model and are increasing our PT to $10 from $9 and reiterate our Overweight rating. WULF self-mined 177 Bitcoin in June, with mining production primarily driven by the company's Lake Mariner site which accounted for ~77% of the month's production. These results compare to May, in... More