30 September 2025 | 5:31PM CST Equity Research TSMC (2330.TW) 2027 growth re-accelerates with AI securing multi-year upside; reiterate Buy (on CL); TP to NT$1,600 | 2330.TW | 12m Price Target: NT$1,600.00 | Price: NT$1,300.00 | Upside: 23.1% | | --- | --- | --- | --- | | TSM | 12m Price Target: $320.00 | Price: $273.23 | Upside: 17.1% | 2027 growth to re-accelerate on stronger N2 demand We are raising our earnings forecast for TSMC by 2–9% for 2025– 2027E, and revising up our 12m TP to NT$1,600 from NT$1,37 ...

Penguin Solutions, Inc. (NASDAQ:PENG) is one of the AI Stocks Shaping Wall Street’s Next Big Rally. On October 6, Stifel analyst Brian Chin raised the firm’s price target on the stock to $31 from $27 and kept a “Buy” rating on the shares. The firm remains constructive on the stock amid favorable conditions in the memory market. According to the firm, fiscal Q4 results are anticipated to modestly exceed consensus estimates when the company reports earnings on Tuesday. Not only are memory market conditions ...

Wall Street bank JPMorgan (JPM) said the second quarter and summer of 2025 were transformative for bitcoin (BTC) miners, marked by record cash operating profits and a pivot toward high-performance computing (HPC). Cipher Mining’s (CIFR) 244 megawatt (MW) colocation deal with Fluidstack and IREN’s (IREN) expansion to more than 23,000 GPUs underscored that shift, the bank said in the Tuesday report. Despite surging hashrates, the bank's analysts noted that miners’ gross profits rose quarter-over-quarter, b ...

Accessibility StatementSkip Navigation HONG KONG, Oct. 3, 2025 /PRNewswire/ --Â Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for September 2025. Bitcoin Mining Production and Mining Operations Update for September 2025 | Metric | | | | September 2025 | August 2025Â | | | --- | --- | --- | --- | --- | --- | --- | | Number of Bitcoin produced | | | 616.6 | | | 663.7 | | Average number of Bitcoin produced per day | | | 20.55 | | | 21.41 ...

Core Insights - Cleanspark (NASDAQ: CLSK) stock price increased by approximately 40% over two months, indicating strong market performance [1] - The stock reached a price of $15.37 on October 1st, aligning with the analyst's 12-month price target [1] Company Overview - Cleanspark specializes in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1] - The company has a beneficial long position in CLSK shares through various financial instruments [1] Market Context - The stock's performance reflects broader market trends and investor behavior influenced by macroeconomic factors [1] - The analysis emphasizes the importance of understanding central bank policies and sector rotation in constructing investment strategies [1]

Rosenblatt Securities reiterated its Buy rating on TeraWulf (WULF) and lifted its 12-month price target from $12.00 to $14.50 in an October 2 research update, citing what it sees as an underappreciated HPC hosting pipeline. Get these headlines directly to your inbox: subscribe to Blockspace. Rosenblatt projects TeraWulf’s revenue to climb from $183.1 million in 2025 to $923.3 million by 2027, while adjusted EBITDA is expected to surge from a slight loss of $1.7 million in 2025 to $531.9 million in 2027. R ...

Core Insights - Legrand is showcasing its new data center infrastructure solutions at the OCP Global Summit, emphasizing its commitment to OCP standards and providing operators with enhanced choice and scalability [1][4] Industry Trends - The adoption of OCP standards is increasing due to the rising demand for AI, high-performance computing, and cloud-native applications, with data center spending on OCP-recognized equipment projected to exceed $73.5 billion by 2028, up from $41 billion in 2024 [2] Product Innovations - Legrand's upcoming OCP ORV3-compliant solutions include a 33kW power shelf, vertical DC busbars (400, 700, and 1400A), and racks with a capacity of up to 5,000 lbs, complementing its existing power and cooling technologies [3][5] Strategic Positioning - Legrand aims to simplify the path to OCP deployments for customers, leveraging its reputation for technology and custom design to build a more diverse supply chain [4][6]

Core Insights - TeraWulf (WULF) shares have appreciated 90.1% year to date (YTD), underperforming the Zacks Financial-Miscellaneous Services industry and the Zacks Finance sector's returns of 5.2% and 13.4% respectively [1] - The company reported revenues of $47.6 million in Q2 2025, reflecting a 38% sequential increase and a 34% year-over-year increase [1][10] - TeraWulf self-mined 485 bitcoin in Q2 2025, with mining capacity increasing 45.5% year over year to 12.8 EH/s [2] Financial Performance - Adjusted EBITDA for Q2 2025 was $14.5 million, down 25.6% year over year, compared to a negative $4.7 million in Q1 2025 [2] - Power cost per bitcoin self-mined increased by 98.5% year over year due to halving, rising network difficulty, and power price volatility [2] - Selling, general and administrative expenses are expected to be between $50 million and $55 million, up from previous guidance of $40-$45 million due to accelerated growth in the HPC business [3] Strategic Developments - TeraWulf is set to deliver 72.5 MW of HPC colocation capacity under data center lease agreements with Core42, expected to generate revenues starting Q3 2025 [5] - A deal with Fluidstack will provide over 360 MW of critical IT load at the Lake Mariner data center, with the facility capable of expanding to 500 MW and potentially 750 MW [6] - The Fluidstack deal represents approximately $6.7 billion in contracted revenues, with total expected contract revenues reaching $16 billion, supported by Alphabet's $3.2 billion credit [7] Competitive Landscape - TeraWulf has outperformed peers like Riot Platforms (55.7% YTD) and Cleanspark (12.4% YTD) [9] - The company faces significant competition from Riot Platforms and Cleanspark, both of which are also vertically integrated bitcoin mining companies [10] Valuation and Market Position - TeraWulf's stock is currently trading at a price/book ratio of 25.07X, significantly higher than the industry average of 3.67X, indicating a premium valuation [14] - Despite trading above the 50-day and 200-day moving averages, the stock is considered overvalued [17][14] - The Zacks Consensus Estimate for TeraWulf's loss for 2025 has widened to 27 cents per share, compared to a loss of 19 cents per share in 2024 [20]

Group 1 - Cipher Mining Inc. (NASDAQ:CIFR) experienced a significant surge, reaching a 52-week high of $9.36 before closing at $9.22, marking a 19.43% increase in one day [1][2] - The stock's rally was influenced by the announcement of Nebius Group securing an $18 billion cloud computing deal with Microsoft, which generated optimism in the high-performance computing (HPC) sector [2] - Cipher Mining is focused on developing and operating industrial-scale data centers for bitcoin mining and HPC hosting, with ongoing expansion at its Black Pearl sites to meet rising demand [3] Group 2 - The CEO of Cipher Mining, Tyler Page, expressed confidence that the Black Pearl Phase II infrastructure will be fully leased by HPC tenants in the long run, while also allowing flexibility for bitcoin mining [4] - The company aims to monetize access to power quickly, whether through HPC tenants or bitcoin mining, indicating a strategic approach to infrastructure development [4]

Core Insights - Hyperscale Data, Inc. announced a strengthened collaboration with a leading Silicon Valley cloud services provider through its subsidiary Alliance Cloud Services, following the successful deployment of NVIDIA GPUs at its Michigan facility [1][2][3] - The deployment has validated ACS's capability to provide AI and HPC infrastructure for enterprise clients, establishing the Michigan facility as a trusted destination for GPU-driven workloads [2][3] - The company aims to expand ACS's capacity to meet the growing demand for AI solutions, positioning itself as a premier partner for advanced AI applications [3][4] Company Overview - Hyperscale Data operates through its subsidiary Sentinum, which manages a data center for digital asset mining and colocation services, targeting the emerging AI ecosystem [6] - The company is also involved in acquiring undervalued businesses and disruptive technologies through its other subsidiary, Ault Capital Group, Inc. [6] - A divestiture of ACG is expected in the first quarter of 2026, which will allow Hyperscale Data to focus on data center operations and digital asset holdings [7][8] Market Position - The demand for AI computing is surging, prompting Hyperscale Data and ACS to broaden their infrastructure and deepen strategic partnerships to support enterprise AI innovation [4] - By leveraging NVIDIA's GPU technology and advanced power infrastructure, ACS is well-positioned to cater to the needs of enterprise and cloud providers globally [3]