Terawulf is trading 14.7% up at $17.71 as major cryptocurrencies and technology stocks rebound following a sharp multi-day pullback.
- The stock is recovering from recent losses tied to weaker Bitcoin prices and a broader risk-off sentiment in the technology sector.
- Strong earnings from Microsoft have lifted the broader sector, improving risk appetite for crypto-mining companies like Terawulf.
- The move follows a pre-market surge as investors return to high-beta assets amid a shift in market sentiment.