10 Firms Kick Off 2025 Trading in The Red

8. TeraWulf Inc. (NASDAQ:WULF)

Shares of Bitcoin miner TeraWulf on Thursday declined by 3.53 percent or 0.20 points to end at $5.46 apiece, mirroring a broader market downturn.

According to analysts, investors remained in a wait-and-see mode following growing concerns over rising Bitcoin mining costs which have been significantly impacting the company’s financial performance.

In its recent filing, TeraWulf reported a loss of $0.06 per share in the third quarter of the year, worse than the expected loss of $0.03 per share.

To offset higher Bitcoin mining costs, the company announced earlier that it would lease more than 70 megawatts of data center infrastructure to AI and cloud provider Core42 to expand its artificial intelligence revenue.