Why TeraWulf (WULF) stock is up today: KBW upgrade flags AI leasing pivot and $1.3B Texas financing
TeraWulf shares climbed 4.4% to $11.64 after KBW upgraded the stock and raised its price target to $24, citing a 646-megawatt HPC leasing pipeline through 2027. A Dec. 29 filing showed TeraWulf completed a $1.3 billion senior secured notes deal to fund construction of a high-performance computing campus in Abernathy, Texas.