In accordance with Bijing.com, KBW has upgraded TeraWulf (WULF) to 'Outperform' with a price target raised from $9.50 to $24. The firm noted the market has underestimated the revenue potential from the company's shift from Bitcoin mining to AI and high-performance computing (HPC) leasing. Analyst Stephen Glagola highlighted that TeraWulf is expected to have 646 megawatts of HPC project capacity by 2027, which could drive a 505% CAGR in EBITDA from 2025 to 2027 and become its main revenue source in 2026, rendering mining operations irrelevant by 2027.
KBW Upgrades TeraWulf to 'Outperform' as AI Transition Seen as Growth Catalyst
币界网Share
Summary
KBW upgraded TeraWulf (WULF) to 'Outperform' with a new price target of $24, citing the AI + crypto news transition as a major growth driver. The firm said the market has underestimated revenue potential from shifting from Bitcoin mining to AI and HPC leasing. Analyst Stephen Glagola noted TeraWulf could reach 646 megawatts of HPC capacity by 2027, fueling a 505% EBITDA CAGR from 2025 to 2027. This shift is expected to drive ecosystem growth, with HPC becoming the main revenue source by 2026 and mining operations becoming irrelevant by 2027.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.