Zacks Research downgraded TeraWulf from a "hold" to a "strong sell" rating. The firm issued its research note on Thursday.
The downgrade followed the company's recent earnings miss. TeraWulf reported a quarterly loss of $1.01 per share. This fell short of the consensus estimate of a $0.19 loss.
Zacks' negative rating contrasts with broader analyst sentiment. The consensus rating remains a "Moderate Buy."
Other firms recently reiterated "buy" ratings. They cited TeraWulf's strategic shift towards AI infrastructure and its long-term contracts.