Hunterbrook Media reported that TeraWulf has been falsely branding itself as a “zero-carbon Bitcoin miner.” According to Hunterbrook, “The only way TeraWulf can legally substantiate its zero-carbon claims is by purchasing renewable energy credits (RECs), according to New York and federal regulators, but a TeraWulf spokesperson confirmed that the company has not done so.”

Following this news, Shares of TeraWulf Inc. are down 23% .