TeraWulf Inc. (WULF) Plans 3GW Development Pipeline to Boost Long-Term Growth

TeraWulf Inc. (NASDAQ:WULF) ranks among the most shorted stocks to buy according to analysts. On February 12, Citizens reiterated its Market Outperform rating on TeraWulf Inc. (NASDAQ:WULF) and set a $22 price target on the company’s shares, citing TeraWulf’s plan for capitalizing on its upstate New York facilities to provide hyperscale data center capacity at considerably more affordable power rates as opposed to conventional markets.

In order to validate market demand and bolster its customer base, Citizens pointed out that TeraWulf Inc. (NASDAQ:WULF) obtained a number of high-performance computing arrangements, such as leases with private companies Core42 and FluidStack, as well as a joint venture targeted at extending scale.

TeraWulf Inc. (NASDAQ:WULF) stated that it aims to lease 250 to 500 megawatts of capacity each year, with a 3 gigawatt development stream expected over the coming five years. Based on these estimates, Citizens contends that this pipeline has the potential to unlock about $85 per share value for investors over the long run.

TeraWulf Inc. (NASDAQ:WULF) is an American digital infrastructure company that develops, owns, and operates data centers for high-performance computing (HPC), artificial intelligence (AI) applications, and proprietary Bitcoin mining.

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