Terawulf (WULF) Loses 12.8% on AI Concerns and Bitcoin Weakness

Terawulf’s stock took a sharp hit, sliding 12.8% in a single session, as investors reacted to a mix of Bitcoin price weakness and growing concerns around the AI trade. While Terawulf has often been viewed as a Bitcoin miner with long-term potential, this move shows how sensitive mining stocks remain to both crypto sentiment and broader tech narratives.

The immediate trigger was Bitcoin slipping lower, which tends to amplify losses in mining equities. When BTC weakens, miners are hit twice — expected revenue falls, and investors quickly price in margin pressure, especially for companies still scaling operations. Terawulf was no exception, with traders moving fast to reduce exposure.

At the same time, AI-related concerns added fuel to the sell-off. Many miners, including Terawulf, have been loosely grouped with the AI and data-center narrative. Recent doubts about AI spending, valuations, and near-term returns have led investors to pull back from anything tied to that theme, even indirectly. That rotation away from AI optimism weighed heavily on sentiment.

Despite the drop, the long-term picture hasn’t fundamentally changed overnight. Terawulf still benefits from relatively low-cost energy and infrastructure optionality, but the market is clearly demanding proof — not promises. For now, WULF’s decline highlights a broader reality: Bitcoin miners remain high-beta trades, vulnerable to both crypto price swings and shifts in macro or tech sentiment.