Bullish on Bitcoin Mining? Analyst Sees Big Potential in TeraWulf

Roth MKM analyst Darren Aftahi initiated coverage on TeraWulf Inc. WULF with a Buy rating and price target of $6.50. Aftahi anticipates that leveraging its substantial power portfolio of hundreds of megawatts for potential HPC infrastructure could drive substantial value creation through enhanced revenue and profit visibility. In FY25, the analyst expects revenue to hit about$297 million (+93% Y/Y) and adjusted EBITDA of around $150.5 million. Disclaimer: This content was partially produced with the help o ...