Northland Remains Bullish on TeraWulf (WULF), Cites Attractive Debt Pricing and Improving Financial Conditions

TeraWulf Inc. (NASDAQ:WULF) is included in our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.

Northland Remains Bullish on TeraWulf (WULF), Cites Attractive Debt Pricing and Improving Financial Conditions

On October 17, Northland raised its price target on TeraWulf Inc. (NASDAQ:WULF) from $15 to $16.25, maintaining an “Outperform” rating. The investment firm sees the 7.750% pricing of the company’s $3.2 billion notes offering as “very attractive.” It is considered that the pricing provides evidence of improving conditions for the company.

A few days earlier, on October 14, 2025, TeraWulf Inc. (NASDAQ:WULF) had announced that Wulf Compute LLC, the company’s subsidiary, would issue $3.2 billion in senior secured notes. These notes, due in 2030, will be utilized to fund expansion and boost liquidity amid rising demand for AI and digital assets.

TeraWulf Inc. (NASDAQ:WULF), a digital asset technology company in the U.S., develops and runs Bitcoin mining facilities in New York and Pennsylvania. It also provides mining hosting services to third parties.

While we acknowledge the potential of WULF to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.