Market Slump Drags Down Share Prices of These 15 Companies

4. Terawulf Inc. (WULF)

Terawulf Inc.’s (WULF) share price on Friday declined by 9.05 percent to finish at $5.53 apiece as investors remained in a wait-and-see mode following growing concerns over rising Bitcoin mining costs, which have significantly impacted 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.

On Monday, December 23, TeraWulf announced that it would lease over 70 megawatts of data center infrastructure to AI and cloud provider Core42 to expand its artificial intelligence revenue as it struggles with the rising Bitcoin mining costs.

“The data center leases reflect TeraWulf’s strategic extension into AI-driven computing, complementing its profitable Bitcoin mining operations,” TeraWulf said.

Investors gave a lukewarm reception to the recent move, as reflected in the recent decline in its share price.