Jefferies Initiates Buy Rating on TeraWulf (WULF) Amid AI Data Center Expansion

Meanwhile, connected May 11, Needham boosted TeraWulf Inc. (NASDAQ:WULF)’s terms people to $28 from $22, retaining a Buy standing connected the company’s shares. The steadfast mentioned the company’s first-quarter gross of $34 million, which was accordant with Needham’s $35 cardinal projection.

Revenue accrued 117% quarter-over-quarter to $21 cardinal from HPC lease revenue, which was mostly offset by a 50% quarter-over-quarter alteration successful mining gross to $13 million. However, the adjusted EBITDA of antagonistic $4.1 cardinal fell abbreviated of some Needham’s $2.5 cardinal projection and management’s antecedently indicated fig of $0 to $3 million.

TeraWulf Inc. (NASDAQ:WULF) operates and owns information halfway infrastructure specifically designed for HPC and Bitcoin mining. It uses environmentally sustainable and zero-carbon vigor sources, specified arsenic hydroelectric and atomic power, to powerfulness its Bitcoin mining and different operations.

While we admit the imaginable of WULF arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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