NasdaqCM:WULFSoftware
TeraWulf (WULF) Is Up 15.5% After Morgan Stanley Highlights Its AI Data Center Pivot – Has The Bull Case Changed?
Morgan Stanley recently initiated coverage on TeraWulf, emphasizing its transition from primarily bitcoin mining to building environmentally focused, industrial-scale data center infrastructure for artificial intelligence and high-performance computing, supported by new brownfield site acquisitions and project-level financing.
The firm’s shift to treating its power-rich mining sites as contracted data center assets, backed by large partners such as Google, reframes TeraWulf as an...