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WULFBullishAnalyst Ratingnews
High materiality9/10

BofA Initiates Buy on TeraWulf with $34 Target, AI Pivot

Jun 15, 2026, 1:01 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strategic pivot combined with a positive initiation and a tangible target may catalyze re-rating, especially if milestones approach as projected.

AI summary

What happened, with direct paths to the underlying reporting

BofA starts TeraWulf (WULF) with a Buy and $34 target, citing a shift to AI data-center infrastructure and long-term leases. The plan envisions capacity expanding from 60 MW to over 1 GW, with 2026–2028 revenue growth and high EBITDA margins as milestones approach. Near-term catalysts include Lake Mariner completion in 2026 and the Muskie data-site ramp in 2028–2030.

  • BofA initiates coverage on WULF with Buy rating and $34 target.
  • WULF pivots from crypto mining to AI-focused data-center infra with long-term leases.
  • Pipeline grows from 60 MW to >1 GW; multiple site milestones through 2028.
  • Risks: financing, construction delays, and tenant timing could impact 2028 revenue.
  • WULF shares rose ~7.8% to a new 52-week high after the note.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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