5 Best Bitcoin Stocks to Buy Now

3. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) is one of the best bitcoin stocks to buy now. Oppenheimer lifted the price target on TeraWulf Inc. (NASDAQ:WULF) to $25 from $20 on April 20, reaffirming an Outperform rating on the shares. The rating update came after the company’s preliminary fiscal Q1 results, with the firm noting that revenue expectations of $30M-$35M were a bit soft, as was EBITDA of $0M-$3M. It reiterated that near-term financial results are secondary to executing against its aggressive build plan, which remains on track with the on-schedule completion of the CB-2 facility at Lake Mariner.

TeraWulf Inc. (NASDAQ:WULF) also received a rating update from Roth Capital on April 17, with the firm lifting the price target on the stock to $32 from $26 while maintaining a Buy rating on the shares. The firm considers a lease for the Kentucky campus as “the next major catalyst” for the company. And stated that recent talks have suggested that a Hawesville lease is “very much in advanced negotiations”. Roth Capital added that it would expect a lease announcement in the next two to three months, and estimated that the site could add about $5.70 per share in net present value or more.

TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.