UBS Group upgraded TeraWulf (WULF) to a strong-buy rating. The company is transitioning from Bitcoin mining to high-performance computing and AI data center leasing. TeraWulf recently signed a 20-year lease agreement with AI firm Anthropic to secure long-term revenue.
UBS analysts identified TeraWulf’s power access and existing infrastructure as primary competitive advantages. Wells Fargo also initiated coverage with an Overweight rating, citing growth prospects in the AI data center market. Rothschild & Co initiated coverage with a Neutral rating, suggesting AI potential may already be priced into the valuation.
The stock currently shows mixed insider trading activity. Institutional investors maintain significant ownership in the company.