Terawulf Inc stock hits 52-week high at 11.79 USD

Terawulf Inc’s stock reached a significant milestone, hitting a 52-week high of 11.79 USD, marking a remarkable journey from its 52-week low of 2.06 USD. According to InvestingPro data, the company now commands a market capitalization of $4.76 billion, with analysts setting price targets ranging from $6.50 to $21.50. This marks a notable achievement for the company, reflecting a robust performance over the past year. The stock’s impressive rise comes amid a remarkable 1-year change of 150.21%, with a substantial 298% gain over the past six months alone. With a beta of 4.27 and revenue growth of 19.82%, the company shows both high growth potential and significant volatility. This surge places the company in a favorable position as it continues to navigate the competitive landscape, with its stock price demonstrating resilience and growth potential. For deeper insights into Terawulf’s performance metrics and 14+ additional ProTips, explore InvestingPro’s comprehensive research report.

In other recent news, TeraWulf Inc. announced plans to expand its data centers with a $3 billion investment backed by Google Inc. Morgan Stanley is coordinating this potential transaction, which may enter the high-yield bond or leveraged loan markets. Additionally, TeraWulf has successfully raised $1 billion through convertible notes, following the full exercise of a greenshoe option by initial purchasers. This financial move was completed through a private placement to qualified institutional buyers. Analyst firms have shown confidence in TeraWulf’s growth, with Rosenblatt Securities raising the company’s stock price target to $12, citing high-performance computing agreements and Google’s investment. Similarly, Cantor Fitzgerald increased its price target to $14, maintaining an Overweight rating. These developments come as Google now holds a 14% stake in TeraWulf.

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