PANews August 6 news, according to The Block, after mining company TeraWulf released its second-quarter results, Bernstein reiterated its "outperform" rating on TeraWulf and a price target of $36. The quarterly results showed that its high-performance computing revenue reached $32 million, accounting for 71% of total revenue. This may be the clearest evidence yet that the company's transformation from Bitcoin mining to artificial intelligence infrastructure has begun to bear fruit.
Bernstein Reiterates 'Outperform' Rating on Miner TeraWulf, Computing Revenue Accounts for 71% of Q2 Total RevenueBernstein Reiterates 'Outperform' Rating on Miner TeraWulf, Computing Revenue Accounts for 71% of Q2 Total Revenue
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