Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
Terawulf Inc stock reached a new 52-week high, climbing to 11.23 USD, marking a significant milestone for the $4.52 billion market cap company. According to InvestingPro data, analyst price targets range from $6.50 to $15.00, with the stock currently trading above its Fair Value. Over the past year, Terawulf Inc has experienced a remarkable 174.51% increase in its stock price, with revenue growing by 19.82%. This impressive growth trajectory, combined with a high beta of 4.27, indicates significant volatility. While the company has positioned itself as a standout performer, InvestingPro analysis reveals the stock is currently in overbought territory, suggesting investors should monitor their positions carefully. Get access to 15+ additional ProTips and comprehensive analysis in the Pro Research Report, available exclusively on InvestingPro.
In other recent news, TeraWulf Inc. has successfully raised $1 billion through the issuance of convertible notes, following the full exercise of an additional $150 million option by initial purchasers. This fundraising was conducted via a private placement to qualified institutional buyers. Additionally, TeraWulf has seen its stock price target increased by two separate analyst firms. Rosenblatt Securities raised its target to $12, citing significant high-performance computing hosting agreements and Google’s 14% investment in the company. Similarly, Cantor Fitzgerald increased its target to $14, maintaining an Overweight rating on the stock.
Google’s involvement with TeraWulf has expanded, as it increased its financial backstop to approximately $3.2 billion and its equity stake to about 14%. This development coincides with Fluidstack’s expansion at TeraWulf’s Lake Mariner data center, which includes a new data center building expected to commence operations in 2026. These recent developments highlight significant growth and investment activity surrounding TeraWulf, attracting attention from major stakeholders and analysts.
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