Morgan Stanley Starts Coverage on TeraWulf Inc. (WULF)

TeraWulf Inc. (NASDAQ:WULF) is among the 11 Best Bitcoin and Blockchain Stocks to Invest in.

TeraWulf Inc. (NASDAQ:WULF) is among the Best Bitcoin Stocks.  

Morgan Stanley started coverage on TeraWulf Inc. (NASDAQ:WULF) on February 9, 2026, with an Overweight rating and a $37 price target. The firm stressed the corporation’s history of obtaining contracts from data center clients and developing a variety of power infrastructure assets. Morgan Stanley remarked that the economics of bitcoin-to-datacenter conversion have become increasingly appealing, and they expect this strategy to drive considerable share gain.

TeraWulf Inc. (NASDAQ:WULF) declared the acquisition of two brownfield infrastructure locations in Hawesville, Kentucky, and Charles County, Maryland, on February 3, 2026. These acquisitions expand the firm's overall capacity by 1.5 gigawatts and diversify its electrical and digital infrastructure portfolio.

Revenue climbed 87% year on year to $50.6 million in the most recent quarter, fueled by extra mining capacity, rising average bitcoin prices, and the start of HPC lease revenue. The corporation finished the quarter with $712.8 million in cash, cash equivalents, and restricted cash.

The stock has gained by 25.82% YTD, as of February 11, 2026.

TeraWulf Inc. (NASDAQ:WULF) owns and manages fully integrated, eco-friendly bitcoin mining facilities in the United States. The company will use nuclear, hydro, and solar energy to generate bitcoin domestically.

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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