The Block (@TheBlockCo): THE BLOCK: Bernstein reaffirmed TeraWulf at Outperform with a $36 price target after Q2 HPC revenue hit $32M, accounting for 71% of total revenue.
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THE BLOCK: Bernstein reaffirmed TeraWulf at Outperform with a $36 price target after Q2 HPC revenue hit $32M, accounting for 71% of total revenue. Analysts said the results underscore TeraWulf's transformation from a bitcoin miner into an AI infrastructure developer.