6 days ago
7
Edwin Ziheng Wang
Tue, November 11, 2025 astatine 10:37 AM CST 1 min read
Research and fiscal brokerage steadfast Rosenblatt raised its terms people for TeraWulf (Nasdaq: WULF) to $24.00, reiterating its Buy standing successful its latest study issued Tuesday.
The bitcoin miner-turned HPC host’s people terms implies a imaginable upside of implicit 67 percent compared to the astir caller closing price. Rosenblatt’s study cited improved profitability supported by higher gross margins and surging adjusted EBITDA from a durable displacement to HPC hosting.
Despite the reallocation from bitcoin miner to HPC compute reducing effectual mining uptime to 70% and dropped the mean operating hashrate to 8.5 EH/s, the motorboat of HPC hosting successful the aforesaid 4th added $7.2 cardinal successful gross and lifted the company’s full to $50.6 million, coming successful somewhat supra Rosenblatt’s projection.
The probe steadfast has progressively raised its terms people passim 2025, moving from $12.00 successful August to $14.50 successful October earlier astir precocious lifting it to $24.00. In the October update, Rosenblatt highlighted TeraWulf’s underappreciated HPC hosting pipeline and capableness expansions, including the Lake Cayuga acquisition.
Rosenblatt estimated yearly HPC revenues to transcend $200 cardinal by 2026 and $1.1 cardinal by 2027. The company’s disclosure of a 1 GW imaginable powerfulness pipeline was described arsenic a cardinal instauration for aboriginal growth.
The probe and fiscal brokerage institution has continuously described TeraWulf arsenic undervalued comparative to its contracted and expansion-ready HPC pipeline. The steadfast highlighted the company’s capableness expansion, unsocial infrastructure, and quality to big some Bitcoin miners and HPC clusters.
Current expert rankings amusement beardown statement for TeraWulf, with the bulk of probe firms issuing Buy oregon Outperform ratings.
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