Terawulf WKN: A3C9C7 ISIN: US88080T1043 Forum: Aktien User: DeRitter

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$WULF Morgan Stanley raises price target to $66.50 “Our WULF price target rises to $66.50 from $42, a 58% increase. Our bull case rises to $103 from $84, and our bear case rises to $15 from $12. The principal drivers are the +1,000 MW addition and the 80/20 weighting toward hyperscaler-backed economics on unsigned MWs. The acquisition also reinforces a point that has been central to our positive view of WULF: management has continued to add sizable, credible power opportunities while converting existing assets into contracted HPC infrastructure. The time-to- energization is not immaterial; the first 500 MW ramp begins in 2H28. However, in a market where competing grid interconnection timelines can stretch for many years, a large, transmission-backed 2H28 pathway remains highly relevant to hyperscale buyers.”

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