Clear Street analyst Brian Dobson raised the firm’s price target on TeraWulf (WULF) to $20 from $16 and keeps a Buy rating on the shares after the company announced that it expanded its partnership with Fluidstack through a 168MW joint venture at the Abernathy, Texas campus. The 25-year hosting commitment represents about $9.5B in contracted revenue, with TeraWulf holding a 51% stake, notes the analyst, who remains positive on shares as the company refines its “highly replicable recipe” to HPC data center growth.
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