Castleark Management LLC Acquires Shares of 353,080 TeraWulf Inc. $WULF

Castleark Management LLC bought a new position in TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 353,080 shares of the company’s stock, valued at approximately $8,721,000.

A number of other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its position in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after acquiring an additional 12,370 shares in the last quarter. Millennium Management LLC increased its holdings in shares of TeraWulf by 47.8% in the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock worth $6,705,000 after purchasing an additional 793,832 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock worth $181,000 after purchasing an additional 2,258 shares during the last quarter. Creative Planning lifted its holdings in shares of TeraWulf by 232.2% during the second quarter. Creative Planning now owns 47,665 shares of the company’s stock valued at $209,000 after purchasing an additional 33,317 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in TeraWulf by 10.6% in the 2nd quarter. Franklin Resources Inc. now owns 56,684 shares of the company’s stock worth $248,000 after buying an additional 5,432 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Key TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Kentucky’s Public Service Commission approved an agreement providing up to 482 megawatts of electricity for TeraWulf’s planned Justified data-center campus. The approval strengthens the project’s ability to support large-scale AI and high-performance computing operations. Kentucky PSC Approves 482 MW Power Agreement for TeraWulf’s Justified Data Campus
• Positive Sentiment: The Kentucky campus is being positioned as a roughly $4.5 billion data-center development, highlighting TeraWulf’s potential to expand beyond cryptocurrency mining into AI-related infrastructure and rented computing capacity. TeraWulf Advances $4B Data Center at Former Kentucky Smelter
• Positive Sentiment: Bitcoin’s move above $80,000 briefly supported broader cryptocurrency-mining stocks, including TeraWulf, by improving the backdrop for mining revenue and investor appetite for digital-asset equities. Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K

TeraWulf Trading Up 5.4%

Shares of TeraWulf stock opened at $16.32 on Wednesday. The company’s fifty day simple moving average is $20.27 and its 200-day simple moving average is $19.69. The stock has a market capitalization of $8.14 billion, a PE ratio of -3.73 and a beta of 3.76. TeraWulf Inc. has a 1-year low of $8.60 and a 1-year high of $29.84. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The company had revenue of $44.77 million during the quarter, compared to analysts’ expectations of $46.00 million. During the same quarter last year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts anticipate that TeraWulf Inc. will post -0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WULF has been the topic of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of TeraWulf in a research note on Friday, August 21st. HC Wainwright reiterated a “buy” rating on shares of TeraWulf in a research note on Friday. Needham & Company LLC increased their price objective on shares of TeraWulf from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Bank of America assumed coverage on shares of TeraWulf in a report on Monday, June 15th. They issued a “buy” rating and a $34.00 target price on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of TeraWulf in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and a consensus price target of $34.21.

Insider Activity

In other news, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the transaction, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at $104,938,383.20. The trade was a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 2,860 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $17.47 per share, with a total value of $49,964.20. Following the completion of the purchase, the director owned 344,704 shares in the company, valued at $6,021,978.88. This trade represents a 0.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 15.90% of the company’s stock.

TeraWulf Profile

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.