BofA praises TeraWulf's AI pivot in 'Bye Bye Bitcoin' report

In a report titled "Bye Bye Bitcoin, Hello AI Data Center," Bank of America (BofA) offered a positive assessment of Bitcoin mining firm TeraWulf's (WULF) transition to AI data centers. Analyst Michael Funk described the shift as a wise move, citing growing demand for AI-supported facilities. BofA has initiated coverage of TeraWulf with a buy rating and a price target of $34.