Northland Remains Bullish on TeraWulf (WULF), Cites Attractive Debt Pricing and Improving Financial Conditions

TeraWulf Inc. (NASDAQ:WULF) is included in our list of the 12 most promising blockchain and crypto mining stocks according to hedge funds.

On October 17, Northland raised its price target on TeraWulf Inc. (NASDAQ:WULF) from $15 to $16.25, maintaining an “Outperform” rating. The investment firm sees the 7.750% pricing of the company’s $3.2 billion notes offering as “very attractive.” It is considered that the pricing provides evidence of improving conditions for the company.

A few days earlier, on October 14, 2025, TeraWulf Inc. (NASDAQ:WULF) had announced that Wulf Compute LLC, the company’s subsidiary, would issue $3.2 billion in senior secured notes. These notes, due in 2030, will be utilized to fund expansion and boost liquidity amid rising demand for AI and digital assets.

TeraWulf Inc. (NASDAQ:WULF), a digital asset technology company in the U.S., develops and runs Bitcoin mining facilities in New York and Pennsylvania. It also provides mining hosting services to third parties.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.