WULF Stock Draws Bold Targets As AI Deals Ramp

AI infrastructure stocks TeraWulf (WULF), Cipher Digital (CIFR), and IREN (IREN) rebounded, gaining 5%, 8%, and 7% respectively. TeraWulf's CEO addressed concerns about stranded capacity, while all three companies are transitioning from Bitcoin mining to AI data centers. The CoinShares Bitcoin Mining and Digital Power ETF (WGMI) also rose 6%.

TeraWulf Inc. (WULF) rose 6.27% on news of bitcoin-mining capacity expansion and AI data center plans. The company secured power deals and long-term contracts, with analysts setting targets up to $65. Despite heavy losses and negative cash flow, traders are watching for potential upside.

Cantor Fitzgerald reiterated an Overweight rating and $30.00 price target for Terawulf (WULF), citing an expanded $400M credit facility. The firm sees this as a positive for liquidity, despite concerns over cash burn. Other analysts have mixed views, with targets ranging from $15.00 to $30.00. WULF trades at $11.32, with Q3 2026 results due November 6.

TeraWulf (NASDAQ: WULF) increased its credit line from $250M to $400M, led by Morgan Stanley. The amended agreement includes an accordion feature for up to $150M more and removes a $150M sublimit on letters of credit. The company plans to use funds for utility partnerships and data center expansions.

TeraWulf Inc. increased its revolving credit facility to $400 million, with an option for an additional $150 million. The amendment removed a $150 million sublimit on letters of credit and eased collateral conditions, enhancing liquidity and financial flexibility.

TeraWulf's stock hit a six-month low, down 60% since June, as the company expanded its credit line to $400 million for AI data center expansion. It secured a 20-year lease with Anthropic for 401 megawatts, expecting $19 billion in revenue. Morgan Stanley arranged the financing. WULF stock closed at $11.32, down 3.1% this week.