Cantor Fitzgerald initiated coverage of TeraWulf with an Overweight rating and $4 price target. The analyst believes the company is well positioned to increase its self-mining hash rate by 58% in just six months, following a recent “best-in-class” mining purchase agreement. TeraWulf has taken significant strides to both improve its balance sheet health and chart a path for prudent scaling, says the firm, who believes the stock may be overlooked by investors. Cantor thinks there may be significant upside in TeraWulf shares.
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