Bernstein reaffirms TeraWulf Outperform rating as HPC revenue hits 71% of Q2 total

Bernstein reaffirmed an Outperform rating on TeraWulf after Q2 high-performance computing revenue hit $32 million, representing 71% of total revenue. The Muskie Campus is identified as the next growth site. The rating reflects confidence in the company's HPC expansion, which now dominates its revenue mix.