Bernstein maintains $36 TeraWulf target after $19 billion, 20-year Anthropic lease
The Block·
60-second summary
Bernstein maintains a $36 price target for TeraWulf after the miner secured a $19 billion, 20-year lease with Anthropic, a significant milestone in the company's growth strategy. Additionally, TeraWulf sold its Abernathy JV stake for $530 million, providing a substantial influx of capital. This deal further solidifies TeraWulf's position in the industry.
Bernstein held its $36 TeraWulf price target after the miner's $19 billion Anthropic lease and $530 million sale of its Abernathy JV stake.