TeraWulf Inc. (NASDAQ:WULF) named one of the 12 best performing stocks in the last 3 months. Oppenheimer initiates coverage with an Outperform rating and $20 price target, highlighting the company’s focus on high-performance computing and AI infrastructure.

Oppenheimer notes TeraWulf Inc. (NASDAQ:WULF) has quality land with low-cost renewable electricity, leading to contracts with major AI clients. Demand for AI infrastructure exceeds expectations, with data center demand projected to grow 18% annually for the next five years.

TeraWulf Inc. (NASDAQ:WULF) has 1.2 gigawatts of space and power inventory, with contracts for over 400 megawatts of capacity and 250 megawatts of Bitcoin mining capacity. The company specializes in industrial-scale data center infrastructure for Bitcoin mining and high-performance computing hosting.

While TeraWulf Inc. (NASDAQ:WULF) shows investment potential, other AI stocks may offer greater upside. For a free report on an undervalued AI stock with benefits from Trump-era tariffs and onshoring trends, visit the provided link. No disclosures mentioned in the article.

Read more at Yahoo Finance: Oppenheimer Initiates Coverage on TeraWulf (WULF) with Outperform Rating