TeraWulf Sees 40% Upside with New $35 Target After 1GW AI Campus Acquisition
WULF•Oppenheimer raised TeraWulf’s price target to $35 (40% upside), and B. Riley lifted its target to $32 (28% upside) after the company acquired a 1GW Muskie AI campus in Kentucky. The deal expands TeraWulf’s secured power infrastructure to 3.8GW and signals a transition toward AI operations.
1. Price Target Hikes
Analysts at Oppenheimer increased their price target to $35 from $25, representing a 40% upside, and B. Riley raised its target to $32 from $27, a 28% upside. Both firms maintained bullish ratings based on accelerating hyperscale demand and the rising value of secured power infrastructure.
2. Kentucky Muskie Campus Acquisition
TeraWulf acquired the 1GW Muskie AI and high-performance computing campus in Eastern Kentucky’s EastPark Industrial Park, marking a significant expansion of its digital infrastructure footprint. The site adds to existing facilities and leverages local utility partnerships to streamline approvals and reduce development risk.
3. Strategic AI Infrastructure Pivot
The acquisition boosts TeraWulf’s total infrastructure inventory to approximately 3.8GW, underscoring its shift from pure Bitcoin mining to large-scale AI operations. The firm aims to capitalize on premium valuations for secured power capacity amid grid interconnection challenges, equipment shortages and growing NIMBY opposition in the AI sector.
