Bernstein reaffirms TeraWulf Outperform rating as HPC revenue hits 71% of Q2 total
The Block·
60-second summary
Bernstein reaffirms TeraWulf's Outperform rating as Q2 HPC revenue reaches $32 million, accounting for 71% of the company's total revenue. With the Muskie Campus poised to drive future growth, Bernstein remains optimistic about TeraWulf's prospects. This development underscores the growing demand for high-performance computing services, potentially fueling the company's continued expansion and revenue growth.
Bernstein keeps TeraWulf at Outperform after Q2 HPC revenue hit $32M, 71% of total, with Muskie Campus the next growth site.