WULF · TeraWulf Inc.
AI read · Good for WULF
The AI's read
Texas ordered a statewide audit of data center grid interconnections and ERCOT paused its Batch Zero approvals. That pause increases scarcity value for already-approved megawatts and rewards operators with existing capacity. Bernstein called out TeraWulf as better insulated because its power assets sit in Kentucky, Maryland and New York. The market barely reacted, WULF +1.5% and RSI 47.3, so the move does not look fully priced in. We lean bullish on WULF. Diversified, non-Texas capacity gives asymmetric upside versus peers that need new ERCOT approvals, so rate it a 7 with 90% confidence.