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TeraWulf Stock Surges Over 10% Amid $3.2 Billion Debt Offering and Analyst Optimism

TeraWulf Stock Surges Over 10% Amid $3.2 Billion Debt Offering and Analyst Optimism

Author:

Global Cryptocurrency

Published:

2025-10-15 01:37:01

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BTCCSquare news:

TeraWulf (WULF) shares rallied more than 10% on Tuesday as the Bitcoin miner announced plans for a $3.2 billion senior secured notes offering through subsidiary Wulf Compute. The capital raise targets institutional buyers, with proceeds earmarked for expanding the company's New York data center operations.

Compass Point analyst Michael Donovan more than doubled his price target to $17 from $6.50, maintaining a buy rating. The bullish revision follows Lucid Capital Markets' initiation of coverage, signaling growing institutional interest in the mining sector's financial engineering.

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