[Bernstein Reiterates 'Outperform' Rating for Mining Firm TeraWulf, with Computing Revenue Accounting for 71% of Q2 Total Revenue] According to The Block, after mining company TeraWulf released its second-quarter results, Bernstein reiterated its 'Outperform' rating for TeraWulf and a target price of $36. The quarterly results showed that its high-performance computing revenue reached $32 million, accounting for 71% of total revenue. This may be the clearest evidence yet that the company's transition from Bitcoin mining to AI infrastructure is beginning to show results.