Terawulf is trading at $12.03, down 4.98%, as declines in Bitcoin and Ethereum weigh on crypto-related stocks.
- On October 22, reports linked the sector’s decline to skepticism about former crypto miners’ AI-hosting transition, regulatory approval requirements, and revenue not expected until 2028. Core Scientific and Riot Platforms also fell, supporting a sector-pressure explanation.
- Broader technology and market weakness added to the risk-off backdrop.