Google Backstop And Fluidstack Reliance Will Heighten Operational Risk

AN

AnalystLowTarget

Not Invested

Community Contributor

Published

22 Aug 25

Updated

02 May 26

Views

118

02 May

US$22.92

AnalystLowTarget's Fair Value

US$22.00

4.2% overvalued

1Y

460.4%

7D

-5.2%

Loading

1Y

460.4%

7D

-5.2%

You can edit this narrative until May 3 7:10 AM. Then, changes will post as Updates.

Author's Valuation

US$224.2% overvalued

AnalystLowTarget Fair Value

Shared on 02 May 26

Fair value Increased 10%

WULF: Power Portfolio Monetization And HPC Transition Will Shape Future Returns

The analyst fair value estimate for TeraWulf has increased to $22.00 from $20.00, reflecting updated assumptions on growth, profitability, and discount rates as analysts respond to a series of recent price target increases across the Street. Analyst Commentary Recent research on TeraWulf has centered on how quickly the company can execute its shift away from Bitcoin mining and toward high performance computing, and how that shift should be reflected in valuation.

9 views

Shared on 03 Apr 26

Fair value Increased 18%

WULF: Power Portfolio Monetization And Crypto Policy Clarity Will Drive Future Returns

The analyst fair value estimate for TeraWulf has shifted from $17.00 to $20.00, reflecting updated views on its transition toward high performance computing, revised EBITDA assumptions, and a higher future P/E multiple that analysts link to growing confidence in the company fully utilizing its 2.2 GW power portfolio. Analyst Commentary Recent Street research around TeraWulf centers on how quickly and efficiently the company can shift away from Bitcoin mining toward high performance computing, and what that means for earnings power, capital needs, and the value of its 2.2 GW power portfolio.

9 views

Shared on 20 Feb 26

WULF: Crypto Policy Clarity And Fair Valuation Will Shape Mining Exposure

Analysts kept their $17.00 price target for TeraWulf unchanged, citing a mix of slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions, supported by recent bullish initiation commentary and broader crypto policy concerns in Street research. Analyst Commentary Street research around TeraWulf highlights a split view, with some upbeat initiation commentary on the business model and crypto exposure, while others flag policy and market structure risks that could weigh on sentiment.

19 views

Shared on 06 Feb 26

Fair value Increased 126%

WULF: Expanded High Performance Computing Contracts Will Reshape Crypto Infrastructure Exposure

Narrative Update on TeraWulf Analysts have lifted their price target on TeraWulf to about US$17.00 from roughly US$7.51, citing stronger modeled revenue growth, a higher future P/E multiple, and recent research noting Q3 adjusted EBITDA of US$18.1m and expanded high performance computing and colocation plans as key supports for the updated valuation framework. Analyst Commentary Recent Street research around TeraWulf highlights both interest in the story and pockets of caution, particularly around execution on growth plans and the broader crypto policy backdrop.

6 views

Valuator

Company Info

Notes

AnalystLowTarget Fair Value

US$22

4.2% overvalued

Future estimation in

Revenue

Profit Margin

Future PE

Est. Revenue

$

Forecast revenue growth rate

41.88%

Historical revenue growth rate

56.19%

Software revenue growth rate

1.53%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.82%

Calculation

US$122.50m

Earnings '29

x

123.42x

PE Ratio '29

=

US$15.12b

Market Cap '29

US$15.12b

Market Cap '29

/

519.50m

No. shares '29

=

US$29.10

Share Price '29

US$29.10 Share Price '29

Discounted to 2026 @ 9.81% p.a.

=

US$21.98

Fair Value '26