As previously reported, Compass Point analyst Chase White initiated coverage of TeraWulf with a Buy rating and $3 price target. The firm believes TeraWulf’s low-cost Lake Mariner operations and especially its Nautilus JV, position it well ahead of the 2024 BTC halving, the analyst tells investors. Additionally, the firm thinks TeraWulf’s low/zero-carbon focus reduces regulatory risk and could eventually allow it to trade at a premium given investors’ growing ESG focus and sees the company’s debt load as “manageable” after a voluntary out-of-court restructuring in early 2023, the analyst added.
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