On June 2, TeraWulf Inc. rose 5.1% in regular trading, trading at $27.27/share, with trading volume of approximately $174 million.
On the news front, the company recently partnered with Schneider Electric to deploy over $290 million in AI infrastructure and liquid cooling systems at its flagship Lake Mariner data campus outside Buffalo, New York, supporting high-density computing demand. The campus currently provides 500 megawatts of capacity across four data halls with plans to expand to 750 megawatts. The facility utilizes closed-loop cooling systems, rear-door heat exchangers, and fan walls to manage rising rack densities powered by NVIDIA chips and Motivair cooling technology.
Additionally, multiple investment banks maintain bullish outlooks significantly above the current share price. Morgan Stanley holds a $42 target with an Overweight rating, B.Riley recently raised its target from $27 to $32 maintaining a Buy rating, and the FactSet consensus analyst target stands at $30.87. These combined catalysts of strategic infrastructure expansion and strong institutional support continue to drive the stock higher following its earlier rebound from post-earnings weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments