Bernstein reaffirms TeraWulf Outperform rating as HPC revenue hits 71% of Q2 total

Bernstein maintains its Outperform rating on TeraWulf in Q2 after HPC revenue reached $32M, representing 71% of total revenue. This strong HPC revenue proportion demonstrates the company’s strategic shift toward this high-value segment. The Muskie Campus is identified as the next growth site for TeraWulf.

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