AnalystConsensusTarget updated the narrative for WULF

Analysts have raised their price target for TeraWulf from approximately $13.09 to $15.73. They cite accelerating AI and high-performance computing demand, a strengthened contract pipeline, and improved financing conditions.

Analyst Commentary

Recent research updates reveal robust optimism among bullish analysts regarding TeraWulf's growth trajectory, yet a few areas of caution persist. The following summarizes key takeaways from the latest analyst assessments, with points grouped by positive and cautious outlooks.

• Bullish analysts are raising their price targets significantly. This change is driven by accelerating demand for AI and high-performance computing, which is expected to support future revenue growth.
• Recent transformative deals, including large-scale colocation agreements and power expansions, are seen as materially enhancing TeraWulf's growth profile and credit position.
• Improving financing conditions, highlighted by attractive pricing on debt offerings and substantial backstop agreements from leading tech firms, are expected to further fortify the company's ability to execute on its expansion strategy.
• Analysts express confidence in TeraWulf's management team to execute existing contracts, expand key partnerships, and capture incremental market opportunities amidst a favorable industry backdrop.

• Cautious analysts note that it may take time for debt issued by former Bitcoin miners, even when well-collateralized, to reach investment grade. This may potentially limit near-term credit profile improvement.
• Successful execution and funding of recent large-scale agreements remain key watch items. Delays or missteps in these areas could impact momentum or future contract wins.
• The sector currently faces increased competition, as new market entrants and capital inflows create potential risks around maintaining pricing power and market leadership.

What's in the News

• The White House issued an order directing regulators to expand access to crypto and other alternative investments in 401(k) plans, creating new risks for retirement portfolios. TeraWulf was highlighted as a publicly traded company in the sector (Reuters).
• A cryptocurrency working group, formed by President Trump, is expected to release a report outlining the administration's stance on tokenization and anticipated legislative actions, with implications for companies like TeraWulf (Reuters).
• TeraWulf announced two 10-year high-performance computing colocation agreements with Fluidstack, representing over $3.7 billion in contracted revenue and backed by $1.8 billion in Google support for project-related debt financing.
• The company secured a long-term ground lease for 183 acres at the Cayuga site in New York, enabling exclusive development rights for up to 400 MW of digital infrastructure supported by predominantly zero-carbon power.
• TeraWulf reported self-mining 485 bitcoin in Q2 2025, down from 699 bitcoins during the same period the previous year.

Valuation Changes

• Consensus Analyst Price Target has increased from $13.09 to $15.73, reflecting heightened expectations for TeraWulf's future valuation.
• Discount Rate has decreased slightly from 8.73% to 8.68%, suggesting reduced perceived risk in the company's financial projections.
• Revenue Growth forecast has risen modestly from 85.63% to 87.61%, indicating stronger anticipated top-line expansion.
• Net Profit Margin is projected to improve from 17.70% to 18.55%, signaling expectations for increased profitability.
• Future P/E ratio has moved up from 42.28x to 46.91x, reflecting higher anticipated earnings multiples for the company.