Bitcoin Miner TeraWulf Leads Early HPC Market Entry, Analyst Projects $610M Revenue By 2026
Portfolio Pulse from Anusuya Lahiri
Needham analyst John Todaro initiated coverage on TeraWulf Inc (NASDAQ:WULF) with a Buy rating and a $6 price target, highlighting its early entry into the high-margin HPC market. TeraWulf is expected to generate $610M in revenue by 2026, with $350M from HPC.
September 04, 2024 | 6:05 pm
News sentiment analysis
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NEUTRAL IMPACT
Core Scientific, Inc (NASDAQ:CORZ) is mentioned as having a more de-risked position compared to TeraWulf, with a customer in place.
Core Scientific is mentioned as a comparison point for TeraWulf's valuation. The news does not directly impact CORZ's operations or financials, hence a neutral impact.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Iris Energy Limited (NASDAQ:IREN) is mentioned as a pure-play bitcoin miner, with TeraWulf's price target set at a premium due to its HPC plans.
Iris Energy is mentioned in comparison to TeraWulf's valuation. The news does not directly impact IREN's operations or financials, hence a neutral impact.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Riot Platforms, Inc (NASDAQ:RIOT) is mentioned as a pure-play bitcoin miner, with TeraWulf's price target set at a premium due to its HPC plans.
Riot Platforms is mentioned in comparison to TeraWulf's valuation. The news does not directly impact RIOT's operations or financials, hence a neutral impact.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
TeraWulf Inc (NASDAQ:WULF) received a Buy rating and a $6 price target from Needham analyst John Todaro, who highlights its early entry into the HPC market. The company is expected to generate $610M in revenue by 2026, with $350M from HPC.
The analyst's Buy rating and price target suggest a positive outlook for TeraWulf, driven by its early entry into the HPC market. The projected revenue and high EBITDA margin further support a bullish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100