Fri Jan 10 12:20:00 UTC 2025: ## TeraWulf Stock Plunges on Analyst Downgrade and Bitcoin Dip

**New York, NY –** Shares of TeraWulf (WULF), a Bitcoin mining company, experienced a significant drop this week, falling 14.22% over the past five days. The decline is attributed to a combination of a negative analyst report and a concurrent fall in Bitcoin (BTC) prices.

Roth Capital analyst Darren Aftahi revised his 2024 earnings projection for TeraWulf, predicting a loss of 17 cents per share, significantly worse than his previous estimate of 9 cents per share. This news triggered a 10.11% drop in WULF stock yesterday alone, accompanied by unusually high trading volume.

Despite the downgraded forecast, Aftahi maintains a “Buy” rating on the stock, with a price target of $11, suggesting potential gains of nearly 100%. The overall analyst consensus remains strongly bullish, with nine “Buy” ratings and one “Hold” over the last three months, yielding an average price target of $9.75.

The decline in WULF’s stock price correlates with a 3.02% drop in Bitcoin’s value this week. This is unsurprising, given TeraWulf’s primary business is Bitcoin mining, making its stock price highly sensitive to fluctuations in the cryptocurrency’s value. While the stock is down this week, it remains significantly up 160% over the past year.

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