Morgan Stanley Starts Coverage on TeraWulf Inc. (WULF)

TeraWulf Inc. (NASDAQ:WULF) is among the 11 Best Bitcoin and Blockchain Stocks to Invest in.

Morgan Stanley Starts Coverage on TeraWulf Inc. (WULF)

TeraWulf Inc. (NASDAQ:WULF) is among the Best Bitcoin Stocks.  

Morgan Stanley started coverage on TeraWulf Inc. (NASDAQ:WULF) on February 9, 2026, with an Overweight rating and a $37 price target. The firm stressed the corporation’s history of obtaining contracts from data center clients and developing a variety of power infrastructure assets. Morgan Stanley remarked that the economics of bitcoin-to-datacenter conversion have become increasingly appealing, and they expect this strategy to drive considerable share gain.

TeraWulf Inc. (NASDAQ:WULF) declared the acquisition of two brownfield infrastructure locations in Hawesville, Kentucky, and Charles County, Maryland, on February 3, 2026. These acquisitions expand the firm’s overall capacity by 1.5 gigawatts and diversify its electrical and digital infrastructure portfolio.

Revenue climbed 87% year on year to $50.6 million in the most recent quarter, fueled by extra mining capacity, rising average bitcoin prices, and the start of HPC lease revenue. The corporation finished the quarter with $712.8 million in cash, cash equivalents, and restricted cash.

The stock has gained by 25.82% YTD, as of February 11, 2026.

TeraWulf Inc. (NASDAQ:WULF) owns and manages fully integrated, eco-friendly bitcoin mining facilities in the United States. The company will use nuclear, hydro, and solar energy to generate bitcoin domestically.

While we acknowledge the potential of WULF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WULF and that has a 100x upside potential, check out our report about the cheapest AI stock.

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