10 Best Blockchain Stocks to Buy According to Analysts

4. TeraWulf Inc. (NASDAQ:WULF)

Average Price Target Upside Potential According to Analysts: 109.64%

Number of Hedge Fund Holders: 35

TeraWulf Inc. (NASDAQ:WULF) is an American company that develops, owns, and operates advanced data center infrastructure in the US that is specifically designed for Bitcoin mining and to support artificial intelligence (AI) and high-performance computing (HPC) applications. The company generates revenue predominantly through mining Bitcoin. WULF is one of the best blockchain stocks to buy.

The company is focused on improving operational capacity while also seizing new opportunities in both Bitcoin mining and HPC hosting. In Q3 2024, TeraWulf Inc. (NASDAQ:WULF) self-mined 555 Bitcoin across its Lake Mariner and Nautilus Cryptomine facilities. As of September 30, 2024, the company had a total self-mining hashrate capacity of 10.0 EH/s, representing an increase of 100% compared to the same period in the previous year. Subsequent to the third quarter of 2024, TeraWulf Inc. (NASDAQ:WULF) established a 2.5 megawatt HPC hosting proof-of-concept project at Lake Mariner.

On December 23, 2024, the company announced long-term data center lease agreements with Core42, a G42 company that is focused on sovereign cloud, AI infrastructure, and digital services. TeraWulf Inc. (NASDAQ:WULF) will provide over 70 megawatts of data center infrastructure to host Core42’s deployment at the Lake Mariner facility and customize the data halls to support Core42’s GPU clusters. This move highlights TeraWulf Inc.’s (NASDAQ:WULF) strategic extension into AI-driven computing. The agreement diversifies the company’s revenue streams and also enhances its long-term earnings potential.