TeraWulf Inc. has seen a bullish thesis on Investing With Purpose’s Substack, with shares trading at $11.35 and forward P/E at 29.76. The company is transitioning from cryptocurrency mining to AI infrastructure, offering power-rich industrial campuses for AI workloads. With signed tenants like Core42 and Fluidstack, WULF aims for $630 million in annual revenue and 80-85% margins. Stock momentum suggests potential upside to $12-13 short term and $15-16 long term. Execution is key for success, with risks including construction delays and financing. The focus is on turning on rooms for rent and transforming into a high-value AI real estate operator.

Hut 8 (HUT) hits a new record high on a price target and rating upgrade, showcasing positive momentum in the market for the company.

Read more at Yahoo Finance: TeraWulf Inc. (WULF): A Bull Case Theory