As previously reported, Oppenheimer initiated coverage of TeraWulf (WULF) with an Outperform rating and $20 price target The firm notes the company is transitioning from a bitcoin miner to a high-performance compute AI infrastructure company. It controls high-quality land with low-cost renewable electricity and fiber networks. This infrastructure has enabled it to sign attractive contracts with the highest credit quality customers in the AI industry, Oppenheimer adds.
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