Terawulf Inc. (NASDAQ:WULF) is one of the best bitcoin mining stocks to buy according to Hedge Funds.
The stock was rated a Buy by Rosenblatt Securities analyst Chris Brendler on December 19. The analyst reaffirmed his prior call on the stock, but lowered the target price from $24 to $20. Even then, Brendler’s forecasts show more than 62% upside for the stock.
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As of December 24 closing, the stock had yielded almost 118% during 2025. Consensus estimates indicate that the bullish trend will continue amid positive analyst sentiment toward Terawulf Inc.. All 10 analysts covering the stock assigned Buy ratings, with a 1-year average price target of $21.73. This leads to an upside potential of 76.5%.
On December 18, the company shared a major update related to its consolidated financial and strategic standing within the high-performance computing space. Flash Compute LLC, an entity that Terawulf Inc. controls indirectly through its majority ownership, recently issued a notional $1.3 billion worth of senior secured notes via private placement. Proceeds were secured from qualified institutional investors, with notes maturing in 2030 and carrying an interest cost of 7.25%. Such financing is aimed at supporting Flash Compute’s infrastructure operations, which serve Terawulf’s purpose of diversifying its revenue streams.
Terawulf Inc. is a digital asset technology company that is heavily involved in bitcoin mining operations and high-performance computing. Having sustainability at its core, the company operates energy-efficient data centers powered by 90% zero-carbon energy for mining.
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This article is originally published at Insider Monkey.
