Freedom Capital initiated coverage on bitcoin mining and data center company TeraWulf (NASDAQ:WULF) with a "Buy" rating. The firm set a $19.00 price target. Its analysis established a baseline valuation of approximately $14 per share.
Analyst Paul Meeks' price target is about half of the current Wall Street consensus. Freedom Capital seeks more confidence as TeraWulf executes its expansion plans. These plans include power additions at its Lake Mariner site and other campuses.