TeraWulf Inc. (WULF) Gets Initiated With a Buy Rating by Arete – Here’s Why

TeraWulf Inc. (NASDAQ:WULF) is one of the best strong buy stocks to invest in under $20. TeraWulf Inc. (NASDAQ:WULF) was initiated with a Buy rating by Arete on March 23, setting a price target of $30. The firm told investors in a research note that the company’s background in energy should allow it to capitalize on site expansion opportunities and behind-the-meter, with Arete seeing this supporting a notable megawatt expansion opportunity over time. It further stated that TeraWulf Inc. (NASDAQ:WULF) will shut its bitcoin mining operations down by the end of 2026. The firm views the stock’s shares as attractively valued at current share levels.

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In its fiscal Q4 and full year 2025 results, TeraWulf Inc. (NASDAQ:WULF) reported that FY25 marked a fundamental inflection point for the company as it executed long-term data center lease agreements totaling 522 critical IT MW, providing stable cash-flow characteristics, multi-year revenue visibility, and scalable development capacity extending through the end of the decade.

Revenue for the full year 2025 was $168.5 million, while non-GAAP adjusted EBITDA reached $23.1 million. TeraWulf Inc. (NASDAQ:WULF) reported cash, cash equivalents, and restricted cash of $3,722.8 million as of December 31, 2025.

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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