TeraWulf stock climbs in premarket after KBW upgrade, $24 target; bitcoin near $89,000
NEW YORK, January 2, 2026, 05:02 ET — Premarket TeraWulf Inc (WULF) shares rose 2.9% to $11.49 in premarket trading, lifting off a previous close of $11.17. The move puts the spotlight back on bitcoin-linked stocks at the start of 2026, after analysts argued the market is still struggling to price miners that are trying to become data-center operators. That shift matters now because high-performance computing (HPC) — data centers that rent power, space and cooling for intensive workloads such as artificial intelligence — tends to offer longer-dated, contracted revenue than bitcoin mining. It also requires heavy upfront spending and