Terawulf is trading 4.8% down at $15.66, despite broader crypto-market gains and no clear negative company-specific catalyst identified.
- Bitcoin has risen 5.77% and Ethereum gained 2.70% since the August 20 close.
- Crypto markets were supported by renewed optimism around the CLARITY Act and expanded Treasury bond buybacks.
- Rosenblatt reiterated a Buy rating and $30 price target on August 21, citing the Anthropic AI lease.