TeraWulf stock in focus after KBW upgrade, $1.3B Texas data-center debt deal
NEW YORK, January 1, 2026, 04:18 ET — Market closed Shares of Nasdaq-listed TeraWulf Inc rose nearly 3% in the last U.S. session after Keefe, Bruyette & Woods upgraded the company and more than doubled its price target, keeping its pivot beyond bitcoin mining in focus. The stock ended Wednesday at $11.49, after ranging between $11.07 and $11.88 on volume of about 19.4 million shares. The upgrade matters because investors are increasingly trying to value some crypto miners less like pure commodity plays and more like digital infrastructure operators. That can shift the narrative from daily bitcoin price swings to