Here is Why Analysts are Bullish on Terawulf Inc. (WULF)

Terawulf Inc. (NASDAQ:WULF) is one of the best bitcoin mining stocks to buy according to Hedge Funds.

The stock was rated a Buy by Rosenblatt Securities analyst Chris Brendler on December 19. The analyst reaffirmed his prior call on the stock, but lowered the target price from $24 to $20. Even then, Brendler’s forecasts show more than 62% upside for the stock.

As of December 24 closing, the stock had yielded almost 118% during 2025. Consensus estimates indicate that the bullish trend will continue amid positive analyst sentiment toward Terawulf Inc. (NASDAQ:WULF). All 10 analysts covering the stock assigned Buy ratings, with a 1-year average price target of $21.73. This leads to an upside potential of 76.5%.

On December 18, the company shared a major update related to its consolidated financial and strategic standing within the high-performance computing space. Flash Compute LLC, an entity that Terawulf Inc. (NASDAQ:WULF) controls indirectly through its majority ownership, recently issued a notional $1.3 billion worth of senior secured notes via private placement. Proceeds were secured from qualified institutional investors, with notes maturing in 2030 and carrying an interest cost of 7.25%. Such financing is aimed at supporting Flash Compute’s infrastructure operations, which serve Terawulf’s purpose of diversifying its revenue streams.

Terawulf Inc. (NASDAQ:WULF) is a digital asset technology company that is heavily involved in bitcoin mining operations and high-performance computing. Having sustainability at its core, the company operates energy-efficient data centers powered by 90% zero-carbon energy for mining.

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. This article is originally published at Insider Monkey.