TeraWulf Inc. (WULF) stock plummeted 5.14% in Thursday's pre-market session, as the cryptocurrency mining company grappled with escalating Bitcoin mining costs and disappointed investors with its worse-than-expected Q3 financial results.
The sharp decline in TeraWulf's shares came after the company reported a loss of $0.06 per share for the third quarter, wider than the consensus estimate of a $0.03 loss. Analysts cited rising Bitcoin mining costs as a major factor weighing on TeraWulf's profitability and financial performance.
Investor sentiment towards TeraWulf took a hit amid growing concerns over the company's ability to effectively manage the surging operational expenses associated with Bitcoin mining. The disappointing Q3 results and the prospect of further margin pressures fueled bearish sentiment, prompting a sell-off in the stock.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。