TeraWulf shares are higher in Monday trading (April 6, 2026), moving with the broader crypto-complex as bitcoin rallied above the $69,000 area in a squeeze-driven move that boosted risk appetite for bitcoin miners and related infrastructure names. With investors still treating WULF as a levered proxy for crypto prices—alongside its AI/HPC data-center buildout—the spot move in bitcoin is providing the cleanest, most immediate catalyst behind the stock’s ~3% gain today. (fxleaders.com)

A separate, potentially offsetting narrative is unfolding around TeraWulf’s planned Maryland power-plant purchase. On April 1, 2026, advocates urged the Federal Energy Regulatory Commission to reject the transaction, citing alleged failures to disclose Google’s ownership stake in the data-center company—keeping regulatory risk in focus even as the stock lifts with bitcoin today. (utilitydive.com)

WULF’s tape has increasingly swung between (a) crypto beta on days when bitcoin is moving sharply and (b) “AI data-center infrastructure” newsflow tied to long-dated buildouts and financing. In that context, a strong bitcoin session can power short-term upside even when investors are simultaneously weighing whether Maryland-related scrutiny could complicate timelines, approvals, or financing assumptions for parts of the expansion story.