Terawulf Inc. (NASDAQ:WULF) is one of the 10 Stocks Investors Are Running Away From.
Terawulf dropped its share prices by 8.87 percent on Tuesday to end at $20.24 apiece as investors resorted to profit-taking to take advantage of as much as 18.7 percent climb the day prior.
This followed news on Monday that it successfully bagged a $19 billion leasing agreement with AI startup, Anthropic, for the delivery of critical IT load for a period of 20 years.
For illustration purposes only. Photo by Brett Sayles on Pexels
Under the agreement, Terawulf Inc. (NASDAQ:WULF) will deliver 401 MW of critical IT load to the AI firm, to be developed in multiple phases. Initial capacity is targeted for delivery in the second half of 2027, to be followed by the balance by early 2028.
Terawulf dropped its share prices by 8.87 percent on Tuesday to end at $20.24 apiece as investors resorted to profit-taking to take advantage of as much as 18.7 percent climb the day prior.
This followed news on Monday that it successfully bagged a $19 billion leasing agreement with AI startup, Anthropic, for the delivery of critical IT load for a period of 20 years.
For illustration purposes only. Photo by Brett Sayles on Pexels
Under the agreement, Terawulf Inc. (NASDAQ:WULF) will deliver 401 MW of critical IT load to the AI firm, to be developed in multiple phases. Initial capacity is targeted for delivery in the second half of 2027, to be followed by the balance by early 2028.
4 months ago
