Keefe Bruyette Lifts PT on TeraWulf (WULF) to $9.50 From $6.50

TeraWulf Inc. (NASDAQ:WULF) is one of the most buzzing stocks to invest in right now. On August 15, Keefe Bruyette raised the firm’s price target on TeraWulf Inc. (NASDAQ:WULF) to $9.50 from $6.50, keeping a Market Perform rating on the shares.

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The rating update followed the announcement of the two long-term colocation agreements with Fluidstack.

The analyst noted that Google also partnered to backstop $1.8B to support the project financing, adding that he looks “favorably” at the deal since it boosts TeraWulf Inc.’s (NASDAQ:WULF) credit profile and diversifies the tenant base.

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.

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Disclosure: None. This article is originally published at Insider Monkey.