KBW Upgrades TeraWulf to Outperform: AI Pivot Drives Sharp Growth and Bitcoin Mining Expansion

Investment firm Keefe, Bruyette & Woods (KBW) has upgraded its rating for TeraWulf Inc. (WULF) from "Market Perform" to "Outperform," citing the company's strategic pivot towards artificial intelligence (AI) as a major catalyst for future growth. Analysts highlighted TeraWulf's unique position in leveraging its existing energy infrastructure and Bitcoin mining expertise to capitalize on the booming demand for high-performance computing (HPC) and AI workloads. This diversification is expected to create a significant new revenue stream alongside its core Bitcoin mining operations. The upgrade reflects strong confidence in TeraWulf's ability to execute its dual-strategy model, potentially leading to enhanced profitability and a sharper competitive edge in the evolving tech landscape. The positive outlook underscores the growing convergence between blockchain infrastructure and AI development.