NEW YORK, NY / ACCESSWIRE / August 28, 2024 / Pomerantz LLP is investigating claims on behalf of investors of TeraWulf Inc. ("TeraWulf" or the "Company") (NASDAQ:WULF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether TeraWulf and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 5, 2024, Hunterbrook Media ("Hunterbrook") published a report alleging that TeraWulf has been falsely branding itself as a "zero-carbon Bitcoin miner." According to Hunterbrook, "[t]he only way TeraWulf can legally substantiate its zero-carbon claims is by purchasing renewable energy credits (RECs), according to New York and federal regulators, but a TeraWulf spokesperson confirmed that the company has not done so."
On this news, TeraWulf's stock price fell sharply during intraday trading on August 5, 2024.
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SOURCE: Pomerantz LLP