Castleark Management LLC Takes $8.72 Million Position in TeraWulf Inc. $WULF

Castleark Management LLC acquired a new position in TeraWulf Inc. (NASDAQ:WULF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 353,080 shares of the company’s stock, valued at approximately $8,721,000. Castleark Management LLC owned 0.07% of TeraWulf at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in TeraWulf by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after purchasing an additional 681 shares during the period. CoreCap Advisors LLC boosted its stake in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after purchasing an additional 747 shares during the period. R Squared Ltd grew its holdings in shares of TeraWulf by 5.0% in the fourth quarter. R Squared Ltd now owns 22,207 shares of the company’s stock worth $255,000 after purchasing an additional 1,056 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of TeraWulf by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after purchasing an additional 1,259 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of TeraWulf by 14.5% in the fourth quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock worth $142,000 after buying an additional 1,563 shares during the period. Institutional investors own 62.49% of the company’s stock.

TeraWulf Price Performance

WULF stock opened at $16.32 on Wednesday. The firm has a 50-day moving average of $20.27 and a 200 day moving average of $19.69. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $8.14 billion, a P/E 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.

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

Trending Headlines about TeraWulf

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

Insider Buying and Selling at TeraWulf

In other news, Director Michael C. Bucella acquired 2,860 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $17.47 per share, for a total transaction of $49,964.20. Following the completion of the acquisition, the director owned 344,704 shares in the company, valued at $6,021,978.88. This trade represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul B. Prager sold 137,500 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $26.60, for a total value 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. This represents a 3.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 15.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup started coverage on shares of TeraWulf in a research report on Monday, June 29th. They set a “buy” rating and a $36.00 price target for the company. Needham & Company LLC upped their price objective on shares of TeraWulf from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Sanford C. Bernstein started coverage on TeraWulf in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $46.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating on shares of TeraWulf in a research report on Friday. Finally, Zacks Research upgraded TeraWulf from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

TeraWulf Company 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.