Former Bitcoin Miners Show 35.5x EV/Sales; WULF Target at $38.59
WULF•Hut 8 leads former Bitcoin miners-turned-AI-infrastructure plays with a forward enterprise value-to-sales multiple of 35.5x. WULF holds a top Wall Street consensus 12-month price target of $38.59, implying over 30% projected upside.
1. Peer EV/Sales Valuations
Former Bitcoin miners shifting into AI infrastructure display varied valuations, with Hut 8 commanding the highest forward enterprise value-to-sales multiple at 35.5x while KEEL and CIFR trade at lower levels. This disparity underscores market confidence in Hut 8’s AI transition relative to its peers.
2. WULF’s 12-Month Price Target
WULF has secured a consensus 12-month analyst target of $38.59, suggesting over 30% projected upside based on current valuations. Analysts remain largely bullish on WULF, highlighting its accelerating deployment of AI infrastructure assets.
