Shares of TeraWulf Inc. (WULF) tumbled 5.56% during pre-market trading on Wednesday after the Bitcoin mining company reported a staggering net loss for the second quarter of 2026.
The company announced its Q2 2026 results, revealing a net loss of USD 940.827 million. The massive loss triggered a sell-off among investors, leading to the sharp decline in its stock price.
The pre-market plunge reflects market disappointment with the company's financial performance as it grapples with challenges in the cryptocurrency mining sector.
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