Terawulf Inc. is trading 2.6% down at $24.89, moving lower with the broader cryptocurrency market while investors also digest significant recent company news.
- Bitcoin has declined, putting pressure on crypto-mining and related stocks across the sector. [7, 9, 14]
- The stock is seeing some profit-taking after a strong rally last week, which was fueled by the announcement of its acquisition of the Muskie Data Campus in Kentucky. [8, 11]
- This new site is a major expansion of Terawulf's pivot to artificial intelligence and high-performance computing (HPC), with plans to support over 1 gigawatt of future capacity. [18, 20, 22]