Terawulf is trading at $11.94, down 5.43%, likely pressured by technology-sector weakness and concerns about debt-financed AI infrastructure.
- Bitcoin is down 1.09% and Ethereum 0.90% since the prior close, relatively modest moves compared with Terawulf’s decline.
- Reports describe broader pressure on AI-infrastructure names, but no clearly confirmed new Terawulf-specific catalyst explains the October 16 move.