1 Key Catalyst Driving Today's 10% Plunge in TeraWulf

Just a few quarters ago, I'd argue that TeraWulf's (NASDAQ: WULF) price action was almost entirely tied to its cryptocurrency operations, its exposure to Bitcoin (CRYPTO: BTC), and ultimately, expectations around where the world's largest cryptocurrency would be headed over time. That's not necessarily the case anymore, as the company is seeking ways to reshape the narrative around TeraWulf as a compute provider, rather than a Bitcoin play. However, given the reality that TeraWulf has continued to sell off its Bitcoin holdings in recent quarters to fund this transition (holding just $492,000 of digital assets on its balance sheet as of its most recent quarter), this is no longer a company investors can view from this perspective. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool