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Bernstein keeps TeraWulf Outperform after Q2 HPC revenue surge

Bernstein said TeraWulf’s HPC revenue reached $32 million in Q2, accounting for 71% of the quarter’s total, and pointed to Muskie Campus as the next growth site.

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Bernstein reaffirmed its Outperform rating on TeraWulf after reviewing the company’s Q2 results, with focus on high performance computing, or HPC, revenue momentum, according to The Block.

The outlet said TeraWulf recorded $32 million in Q2 HPC revenue, representing 71% of the quarter’s total revenue.

Bernstein also highlighted Muskie Campus as the next growth site for the business, citing it as a potential driver beyond the current quarter, The Block reported.

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