TeraWulf Inc. (WULF) Receives Buy Rating from Arete with $30 Price Target, Analyst Highlights Potential for Site Expansion and Megawatt Expansion Opportunity.

TeraWulf Inc. (WULF) was initiated with a Buy rating by Arete, setting a price target of $30. The firm sees the company capitalizing on site expansion opportunities and behind-the-meter, supporting a notable megawatt expansion over time. WULF will shut its bitcoin mining operations down by the end of 2026 and is attractively valued at current share levels. FY25 revenue was $168.5 million, and non-GAAP adjusted EBITDA reached $23.1 million.