TeraWulf Gains $27 Target as HPC Revenues Set to Surpass Mining
WULF•Rosenblatt reiterated its Buy rating on TeraWulf with a $27 price target, highlighting an imminent revenue crossover from high-performance computing operations. The analyst expects HPC segment revenue to surpass Bitcoin mining income once new data centers reach full capacity.
1. Analyst Rating Reaffirmed
Rosenblatt has maintained a Buy rating on TeraWulf, setting a $27 price target. The reiteration reflects confidence in the company’s evolving business mix.
2. HPC Revenue Crossover
The note emphasizes that TeraWulf’s high-performance computing segment is on track to generate more revenue than its legacy Bitcoin mining operations. This crossover is expected as HPC workloads scale.
3. Data Center Expansion
TeraWulf is commissioning new data centers optimized for HPC applications, increasing compute capacity by hundreds of megawatts. Full operational status at these sites is projected by late 2026.
4. Financial Implications
Analysts believe the shift toward higher-margin HPC services will bolster gross margins and drive top-line growth. Achievement of the crossover milestone could trigger revaluation of the stock.
