Morgan Stanley Overweight Rating Sparks 16.5% TeraWulf Rally, $37 Target
TeraWulf rallied 16.52% after Morgan Stanley initiated coverage with an overweight rating and $37 price target implying 123% upside. The bitcoin miner’s expansion plan includes acquiring two land parcels for up to 1.48 GW of power and data-center capacity in Kentucky and Maryland.
1. Morgan Stanley Initiation
Morgan Stanley initiated coverage on TeraWulf with an overweight rating and set a $37 price target, implying 123% upside from its prior close, driving a 16.52% stock gain on Monday.
2. Sector Diversification Strategy
The firm highlighted TeraWulf’s pivot from pure-play bitcoin mining toward servicing AI workloads, underscoring data-center stability and long-term cash flows once long-term leases with creditworthy partners are secured.
3. Infrastructure Expansion Acquisitions
TeraWulf acquired two land parcels: a 250-acre Kentucky site with 480 MW capacity and expansion potential, plus a 250-acre Maryland site housing 210 MW generation with up to 1 GW expansion capacity.
4. Upcoming Financial Results
TeraWulf is set to report fourth-quarter and full-year 2025 earnings after market close on February 26, offering investors fresh insights into its operational and financial progress.