Roth MKM Lifts TeraWulf Inc. (WULF) Price Target on HPC Growth Prospects

Group 1 - Terawulf Inc. (NASDAQ:WULF) is recognized as a strong investment opportunity, with ROTH MKM reiterating a Buy rating and raising the price target to $26 from $24 due to the company's development of high-performance computing (HPC) infrastructure [1][2] - The company is expected to secure additional HPC contracts at its current and future sites, potentially exceeding 100MW in capacity, which will meet customer demand effectively [2] - B. Riley has also raised the price target for WULF to $23 from $22, citing solid third-quarter results and the company's goal of securing annual HPC contracts between 250 and 500 MW [3] Group 2 - Terawulf Inc. is transitioning from a focus on Bitcoin mining to providing AI infrastructure, which is anticipated to yield a higher-margin and more stable revenue stream [4]