Terawulf Inc. (WULF) has disclosed a new risk, in the Regulation category.
Terawulf Inc. faces significant regulatory risk as it navigates the sanctions program enforced by the Office of Financial Assets Control (OFAC). The company’s involvement with blockchain and cryptocurrency transactions could inadvertently lead to dealings with individuals on the OFAC’s SDN list, despite efforts to comply with sanctions and avoid such interactions. The evolving legislative landscape and the potential misuse of cryptocurrencies for sanction evasion—exemplified by responses to the Russian invasion of Ukraine—pose unpredictable challenges that could materially impact Terawulf Inc.’s operations and the broader market. Any resulting regulatory actions could damage the company’s reputation and adversely affect its stock value.
The average WULF stock price target is $3.67, implying 57.51% upside potential.
To learn more about Terawulf Inc.’s risk factors, click here.
