TeraWulf (WULF) Stock Drops on New York Data-Center Moratorium. Wall Street Says Buy the Dip

TeraWulf stock fell 2.3% to $18.96, extending a near-19% drop since July 9. New York Gov. Kathy Hochul ordered a one-year moratorium on data centers larger than 50 megawatts. TeraWulf's Lake Mariner and Cayuga sites are both in New York, making it uniquely exposed. Cantor Fitzgerald and Rosenblatt see the selloff as a buying opportunity.