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TeraWulf Inc. (NASDAQ:WULF) is one of the best bitcoin stocks to buy now. Oppenheimer lifted the price target on TeraWulf Inc. (NASDAQ:WULF) to $25 from $20 on April 20, reaffirming an Outperform rating on the shares. The rating update came after the company’s preliminary fiscal Q1 results, with the firm noting that revenue expectations of $30M-$35M were a bit soft, as was EBITDA of $0M-$3M. It reiterated that near-term financial results are secondary to executing against its aggressive build plan, which remains on track with the on-schedule completion of the CB-2 facility at Lake Mariner.

TeraWulf Inc. (NASDAQ:WULF) also received a rating update from Roth Capital on April 17, with the firm lifting the price target on the stock to $32 from $26 while maintaining a Buy rating on the shares. The firm considers a lease for the Kentucky campus as “the next major catalyst” for the company. And stated that recent talks have suggested that a Hawesville lease is “very much in advanced negotiations”. Roth Capital added that it would expect a lease announcement in the next two to three months, and estimated that the site could add about $5.70 per share in net present value or more.

TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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