AlphaQuest LLC Purchases New Holdings in TeraWulf Inc. $WULF

AlphaQuest LLC acquired a new position in TeraWulf Inc. (NASDAQ:WULF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 65,054 shares of the company’s stock, valued at approximately $743,000.

A number of other hedge funds have also recently bought and sold shares of the company. First Dallas Securities Inc. raised its stake in shares of TeraWulf by 126.5% during the second quarter. First Dallas Securities Inc. now owns 132,500 shares of the company’s stock worth $580,000 after buying an additional 74,000 shares during the last quarter. Thames Capital Management LLC bought a new position in TeraWulf in the second quarter valued at approximately $4,970,000. Two Seas Capital LP grew its holdings in TeraWulf by 966.9% during the 2nd quarter. Two Seas Capital LP now owns 2,287,100 shares of the company’s stock worth $10,017,000 after acquiring an additional 2,072,729 shares during the period. Exchange Traded Concepts LLC grew its holdings in TeraWulf by 27.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,507,973 shares of the company’s stock worth $17,221,000 after acquiring an additional 325,148 shares during the period. Finally, Voya Investment Management LLC raised its position in shares of TeraWulf by 420.6% during the 3rd quarter. Voya Investment Management LLC now owns 375,754 shares of the company’s stock valued at $4,291,000 after acquiring an additional 303,583 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf News Roundup

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Acquisitions add ~1.5 GW and double TeraWulf’s platform to ~2.8 GW, giving the company immediate and scalable power capacity (Hawesville: ~480 MW available; Morgantown: ~210 MW operational with up to 1 GW expansion potential). This strengthens the firm’s ability to serve AI/HPC and enterprise customers and supports the company’s target of 250–500 MW of new contracted capacity annually. TeraWulf Expands Digital and Power Infrastructure Portfolio with Strategic Acquisitions in Kentucky and Maryland
• Positive Sentiment: Management is publicly framing the deals as enabling scale for hyperscalers and AI/HPC demand; CEO Paul Prager discussed how the transactions advance the company’s expansion and energy-advantaged hosting strategy, which supports investor confidence in execution and commercial demand. Terawulf CEO on recent deals: Represents chance to meet energy demand needs from hyperscalers
• Positive Sentiment: Analyst support and bullish price targets reinforce sentiment — Needham reaffirmed a “buy” and set a $21 target (and the median analyst target across recent coverage is ~$21.25), giving visible upside for investors. Analyst coverage / Needham rating
• Neutral Sentiment: Market commentary notes the stock moved on higher-than-average volume, but some services warn that recent earnings-estimate revision trends could limit near-term upside — a mixed signal for momentum traders. TeraWulf (WULF) Surges 10.1%: Is This an Indication of Further Gains?
• Neutral Sentiment: Institutional buying and mixed insider activity are notable — several large funds have increased exposure while a few insiders sold shares, producing a mixed ownership signal for longer-term holders. TeraWulf Inc. Expands Power Infrastructure Portfolio with 1.5 GW Acquisitions in Kentucky and Maryland
• Negative Sentiment: Valuation concerns: some analysts/commentary (e.g., Seeking Alpha) warn the stock may be “priced for perfection,” flagging high expectations and risk if growth or contracting slips. That raises downside risk if execution or revenue conversion lags. TeraWulf: Priced For Perfection
• Negative Sentiment: Execution and regulatory risks remain: the Morgantown acquisition and expansion are subject to third‑party consents and FERC/regulatory approvals, and development timelines, customer wins and power-cost dynamics will determine profitability. TeraWulf Expands Digital and Power Infrastructure Portfolio with Strategic Acquisitions in Kentucky and Maryland

Analyst Upgrades and Downgrades

WULF has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $24.00 price target on shares of TeraWulf in a research report on Tuesday, November 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $18.00 target price on shares of TeraWulf in a research note on Tuesday, December 23rd. Wall Street Zen cut TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a research note on Monday, December 29th. Finally, Oppenheimer started coverage on shares of TeraWulf in a research note on Tuesday, October 28th. They set an “outperform” rating and a $20.00 price objective on the stock. 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 stock. According to MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and a consensus target price of $19.15.

TeraWulf Stock Up 10.1%

Shares of TeraWulf stock opened at $14.80 on Wednesday. The company has a market capitalization of $6.20 billion, a P/E ratio of -10.42 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. The business has a 50-day moving average of $13.57 and a two-hundred day moving average of $11.59. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.05.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Monday, November 10th. The company reported ($1.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($1.09). The business had revenue of $50.58 million during the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative net margin of 336.53% and a negative return on equity of 69.75%. The company’s revenue was up 86.9% on a year-over-year basis. As a group, equities analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at TeraWulf

In related news, Director Michael C. Bucella acquired 4,178 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average price of $12.01 per share, with a total value of $50,177.78. Following the completion of the transaction, the director directly owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. The trade was a 1.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.90% of the stock is owned by company insiders.

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.