TeraWulf’s June update suggests high performance computing focus, says Roth MKM

Roth MKM analyst Darren Aftahi keeps a Buy rating and $6.50 price target on TeraWulf after the company’s June update. The firm’s primary takeaway is that company plans to double its high performance computing, or HPC, capacity to 20MW, suggesting an increased focus on HPC, which should yield increased profitability prospects and a valuation uplift for shares if executed, the analyst tells investors in a research note.