Rosenblatt Maintains Terawulf Rating Despite NY Moratorium

Rosenblatt has reiterated its Buy rating on Terawulf Inc. (NASDAQ:WULF) and set a price target of $30.00. The analyst firm downplayed the recent New York state moratorium on certain data center activities, characterizing it as a temporary headline risk rather than a fundamental structural threat to Terawulf's current operations. The firm maintains confidence in the company’s long-term business strategy despite ongoing market share price volatility.

Terawulf’s recent market attention stems from a significant 20-year lease agreement with AI firm Anthropic. This partnership has bolstered institutional confidence, leading several other prominent analysts—including those from Compass Point, Needham, and Bernstein SocGen Group—to raise their price targets for the stock. These moves reflect broader investor optimism regarding the firm’s positioning in the infrastructure space required for artificial intelligence computing.

While the New York regulatory environment poses a short-term hurdle, the broader market consensus focuses on Terawulf’s utility-scale projects and strategic AI partnerships. Investors continue to evaluate the potential impact of state-level data center restrictions on similar entities across the industry. The firm's ability to maintain its growth trajectory hinges on navigating these regulatory frameworks while executing on its multi-decade infrastructure lease commitments.