TeraWulf CEO Prager Welcomes NY Data Center Freeze; WULF Falls 7%
2026-07-15 08:18:58
TeraWulf CEO Paul Prager welcomed New York's new data center moratorium as a win for the company, but investors disagreed, sending WULF shares down about 7% on the same day, according to BeInCrypto. Governor Kathy Hochul signed an executive order on July 14 pausing permits for large new data centers, the first statewide freeze of its kind. Prager argued the order rewards permitted, power-secured projects like TeraWulf's operational Lake Mariner campus, which is expanding with Fluidstack and Google. He added that the company's Lake Hawkeye site aligns with the governor's priorities. The full impact on TeraWulf's pipeline will become clearer as the environmental review progresses.
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