Bernstein Sees 70% Upside In TeraWulf’s Stock

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CryptoProwl

Tue, July 7, 2026 astatine 9:02 AM CDT 1 min read

Analysts astatine Wall Street brokerage Bernstein person maintained their terms people connected TeraWulf's (NASDAQ: $WULF) stock.

Bernstein reiterated a buy-equivalent outperform standing and $36 U.S. terms people connected TeraWulf's stock. The terms people is 71% higher than wherever WULF banal presently trades.

The valuation from Bernstein comes aft TeraWulf, a Bitcoin (CRYPTO: $BTC) miner turned artificial quality (A.I.) information centre operator, signed a 20-year lease with Anthropic.

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The lease with Anthropic is worthy $19 cardinal U.S. to TeraWulf.

TeraWulf's A.I. orderbook present stands astatine $27 cardinal U.S. successful contracted gross from 3 tenants, including A.I. startup institution Anthropic.

The lease with Anthropic covers 401 megawatts of powerfulness astatine TeraWulf's Justified Data Centre field successful Kentucky.

Bernstein said the woody with Anthropic should supply TeraWulf with an mean yearly output of $2.4 cardinal U.S. per megawatt, compared with the firm's erstwhile $1.9 cardinal U.S. assumption.

The Anthropic lease is TeraWulf's 3rd A.I. deal, joining earlier agreements the institution struck with Core42 and Alphabet-backed (NASDAQ: $GOOGL) Fluidstack.

Bernstein besides noted that the Anthropic declaration carries 2 five-year renewal options that could widen the woody retired different decade, which is positive.

WULF banal has gained 343% successful the past 12 months to commercialized astatine $21.26 U.S. per share.

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