Bitcoin Miner TeraWulf Tumbles in Trading Debut

Posted on by American Coins & Gold

Bitcoin Miner TeraWulf Tumbles in Trading Debut
TeraWulf (WULF), an environmentally minded bitcoin miner, was falling almost 24% in its first day of trading on Tuesday.TeraWulf went public after it agreed in June to merge with Ikonics, an imaging-technology company whose stock traded on Nasdaq. The ticker changed to “WULF” from “IKNX” on Tuesday.“Completing the business combination takes us one step closer to achieving our mission of generating environmentally sustainable bitcoin at industrial scale in the United States while using over 90% zero-carbon energy,” said Paul Prager, CEO of TeraWulf, in a statement.The shares of crypto miners, which are highly correlated to the price of the digital…