EFG International AG Buys New Shares in TeraWulf Inc. $WULF

EFG International AG bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 181,834 shares of the company’s stock, valued at approximately $4,489,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in shares of TeraWulf in the 2nd quarter valued at about $156,000. Canada Pension Plan Investment Board bought a new stake in shares of TeraWulf in the 2nd quarter valued at about $39,546,000. Castleark Management LLC acquired a new stake in TeraWulf in the 2nd quarter valued at about $8,721,000. Nicholas Investment Partners LP acquired a new stake in TeraWulf in the 2nd quarter valued at about $1,888,000. Finally, Legal & General Group Plc bought a new position in TeraWulf during the second quarter worth about $7,620,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Trading Up 5.4%

Shares of NASDAQ:WULF opened at $16.32 on Wednesday. TeraWulf Inc. has a 12-month low of $8.60 and a 12-month high of $29.84. The business has a 50 day moving average of $20.27 and a 200-day moving average of $19.69. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock has a market cap of $8.14 billion, a PE ratio of -3.73 and a beta of 3.76.

TeraWulf (NASDAQ:WULF) last announced 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 the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.TeraWulf’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. As a group, equities research analysts forecast that TeraWulf Inc. will post -0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $37.00 price objective on shares of TeraWulf in a research note on Wednesday, July 15th. Morgan Stanley decreased their target price on TeraWulf from $72.00 to $62.50 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Citigroup initiated coverage on TeraWulf in a research note on Monday, June 29th. They issued a “buy” rating and a $36.00 price target on the stock. Chardan Capital reaffirmed a “buy” rating and set a $32.00 price target on shares of TeraWulf in a report on Wednesday, August 5th. Finally, Oppenheimer reiterated 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 given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.21.

Insiders Place Their Bets

In other news, Director Michael C. Bucella acquired 3,023 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $16.54 per share, with a total value of $50,000.42. Following the acquisition, the director directly owned 341,844 shares in the company, valued at $5,654,099.76. This represents a 0.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer owned 3,945,052 shares in the company, valued at $104,938,383.20. The trade was a 3.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 15.90% of the company’s stock.

Key Headlines Impacting 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

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.