GSA Capital Partners LLP Buys Shares of 77,463 TeraWulf Inc. $WULF

GSA Capital Partners LLP purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 77,463 shares of the company’s stock, valued at approximately $885,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in TeraWulf by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 24,480,051 shares of the company’s stock worth $279,562,000 after acquiring an additional 674,474 shares during the period. PNC Financial Services Group Inc. boosted its stake in TeraWulf by 116.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock valued at $61,000 after buying an additional 2,874 shares during the period. Rhumbline Advisers grew its position in TeraWulf by 2.9% during the third quarter. Rhumbline Advisers now owns 395,150 shares of the company’s stock worth $4,513,000 after buying an additional 11,085 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in TeraWulf by 155.4% during the third quarter. Stratos Wealth Partners LTD. now owns 38,307 shares of the company’s stock worth $437,000 after buying an additional 23,307 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in TeraWulf in the 3rd quarter worth about $176,000. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Stock Down 3.0%

Shares of NASDAQ WULF opened at $15.01 on Friday. The stock has a market capitalization of $6.28 billion, a P/E ratio of -10.57 and a beta of 3.69. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. TeraWulf Inc. has a one year low of $2.06 and a one year high of $17.69. The firm’s 50 day simple moving average is $13.67 and its two-hundred day simple moving average is $12.42.

Analyst Ratings Changes

WULF has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price target on shares of TeraWulf in a research report on Tuesday, November 11th. Oppenheimer initiated coverage on shares of TeraWulf in a research report on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of TeraWulf in a research report on Tuesday, February 3rd. Morgan Stanley assumed coverage on shares of TeraWulf in a research note on Monday, February 9th. They issued an “overweight” rating and a $37.00 price target for the company. Finally, Keefe, Bruyette & Woods raised shares of TeraWulf from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $9.50 to $24.00 in a report on Wednesday, December 31st. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.31.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.