Terawulf is trading 4.37% higher at $11.81, tracking gains across the U.S. equity market.

  • The S&P 500 is up 0.74%, the Nasdaq 0.80%, and the Dow 0.77%.
  • Bitcoin and Ethereum are down 0.73% and 1.49%, respectively, since the prior close, so crypto prices do not explain the gain.
  • Reuters reported neocloud shares were under pressure premarket after Elon Musk’s warning; no fresh company-specific catalyst for Terawulf’s intraday rise was identified.