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TeraWulf fell 4% to $16.50, APLD dropped 3%, and IREN slid 2%, all on broad profit-taking after strong YTD gains with no new company catalysts.
The Bitcoin mining ETF WGMI dropped 4% while QQQ fell just 0.4%, confirming the selloff is a group rotation, not broad tech weakness.
Paul Meeks initiated TeraWulf with a Buy and $19 target, while a 20-year Anthropic deal worth $19 billion in contracted revenue remains fully intact.
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Iren didn't make the cut. Enter your email to see the names that beat IREN. The report is free. Enter your email and see if any of your stocks made the cut.