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BoA report says shift from bitcoin mining to data centres proves effective

A Bank of America (BoA) analyst gave a positive assessment of bitcoin miner TeraWulf\'s strategy to shift into artificial intelligence data centres. Blockchain outlet U.Today reported that analyst Michael Funk initiated coverage with a buy rating and a $34 price target. The report said the key is repurposing mining facilities and power infrastructure for high-performance computing AI workloads, amid rising demand for AI data centres and expansion plans through 2030.