EFG International AG Invests $4.49 Million in TeraWulf Inc. $WULF

EFG International AG purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the second quarter, HoldingsChannel reports. The firm purchased 181,834 shares of the company’s stock, valued at approximately $4,489,000.

Several other institutional investors have also made changes to their positions in WULF. Vanguard Group Inc. raised its holdings in TeraWulf by 37.4% in the 4th quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after acquiring an additional 9,162,958 shares in the last quarter. Engle Capital Management L.P. grew its holdings in shares of TeraWulf by 574.3% during the 1st quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock worth $42,570,000 after purchasing an additional 2,512,600 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of TeraWulf by 45.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company’s stock worth $1,610,000 after purchasing an additional 43,574 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of TeraWulf by 178.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company’s stock worth $1,735,000 after purchasing an additional 96,843 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of TeraWulf in the first quarter worth $53,418,000. 62.49% of the stock is currently owned by institutional investors.

More 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

Insider Buying and Selling

In other news, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $26.60, for a total value of $3,657,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,945,052 shares in the company, valued at approximately $104,938,383.20. This represents a 3.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 purchased at an average cost of $17.47 per share, for a total transaction of $49,964.20. Following the acquisition, the director owned 344,704 shares in the company, valued at $6,021,978.88. This represents a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 15.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WULF. Sanford C. Bernstein initiated coverage on shares of TeraWulf in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a report on Wednesday, June 24th. Needham & Company LLC boosted their target price 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of TeraWulf in a report on Friday, August 21st. Finally, Chardan Capital reiterated a “buy” rating and set a $32.00 price target on shares of TeraWulf in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.21.

TeraWulf Price Performance

Shares of WULF stock opened at $16.32 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf Inc. has a twelve month low of $8.60 and a twelve month high of $29.84. The company has a market cap of $8.14 billion, a P/E ratio of -3.73 and a beta of 3.76. The business has a fifty day simple moving average of $20.27 and a 200 day simple moving average of $19.69.

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

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.