Why TeraWulf (WULF) stock is up today: KBW upgrade flags AI leasing pivot and $1.3B Texas financing
NEW YORK, December 31, 2025, 10:44 ET — Regular session Shares of TeraWulf Inc rose about 4.4% to $11.64 in morning trading on Wednesday after Keefe, Bruyette & Woods upgraded the stock to Outperform and raised its price target to $24 from $9.50. TipRanks The call matters because crypto miners are increasingly being valued as power-and-real-estate plays, not just bets on bitcoin prices. Investors have been looking for steadier revenue streams as bitcoin mining margins swing with token prices, network difficulty and electricity costs. TeraWulf has been pushing deeper into renting out data-center capacity to customers running artificial intelligence workloads,