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WULF
WULF·Capital Markets·United States
TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high...
1 Total1 External0 In-site
WULFWULF
2026-03-27🏦 Financial ServicesPitch
Externalby Rittenhouse Research · Other
Rittenhouse Research on WULF (WULF)
公司名称
TeraWulf Inc.
主要经营地
美国
详细生意模式
AI数据中心开发商，522MW已签约(Core42/Fluidstack/Google/Anthropic)，YE26 $675M run-rate NOI，Kentucky 384MW租赁即将到期，2027E $1.1B EBITDA×22.5倍=$24.55/股，2030E $3.3B=$63.25(+290%)
护城河
🟡中(执行风险+高杠杆+能源成本变动)
估值水平
负EBITDA转折点，2027E 22.5x乘数估值，$675M NOI run-rate
EV/Market Cap
$86M毛利/-$150M营业亏损/$5.2B高债务
网络观点
AI数据中心热点，执行风险管理
AI观点
AI基础设施核心赛道，增长极强
原文日期
2026-03-26
作者简介
成长/主题投资分析