Bank of America initiated coverage of TeraWulf with a buy rating and a $34 price target, citing a favorable view of the company’s shift from Bitcoin mining toward AI data centers.
According to NS3.AI, analyst Michael Funk pointed to growing demand for facilities that support AI as a key factor behind the call.
The note described TeraWulf’s move into AI-focused data center infrastructure as a positive strategic pivot.
AI TRENDS | Bank of America Starts TeraWulf Coverage With Buy Rating and $34 Price Target
2026-06-15 17:31:35
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