Terawulf is trading at $12.12, up 4.98%, in an intraday rebound; the available reports do not identify a cause for the rise.
- Earlier reports cited continued pressure on AI-infrastructure stocks amid inflation and financing concerns, with Terawulf among miners hit by the sell-off.
- Supplied crypto gains are modest.
- Morgan Stanley reiterated an Overweight rating and a $65 target, but coverage does not establish either as the reason for today’s rise.