Trump urges NY to lift data center permit ban; Terawulf stock drops 7%

Shares of Bitcoin mining company Terawulf (Nasdaq: WULF) fell 7% after U.S. President Donald Trump urged New York state to immediately lift its one-year moratorium on permits for new large data centers, The Block reported. President Trump stressed the need for a policy change, describing data centers as money-making machines. However, Terawulf stated that its existing operations and development plans in New York are unaffected.