WULF TERAWULF INC.
Price Chart
Executive Summary
TeraWulf Inc. completed a $1.04 billion public offering of 54.51 million shares at $19.00 per share, including full exercise of the underwriters' option. The proceeds will fund construction of a data center in Hawesville, Kentucky, repay a bridge loan, and support future site acquisitions and general corporate purposes. This follows two prior capital raises totaling approximately $1.68 billion, indicating a pattern of significant dilutive financing.
Key Financial Metrics
Actionable Insight
The massive capital raise following two prior offerings suggests the company is aggressively funding expansion but at significant shareholder dilution. Combined with insider selling exceeding buys by 60:1, this indicates potential lack of confidence from insiders. Traders should monitor whether the Hawesville data center construction delivers returns that justify this level of dilution, and watch for further capital raises given the company's apparent need for substantial funding.
Key Facts
- TeraWulf raised approximately $1.04 billion through issuance of 54,510,000 shares at $19.00 per share
- Proceeds will fund construction of a data center in Hawesville, Kentucky, repay bridge loan, and support future site acquisitions
- This offering follows two prior capital raises totaling approximately $1.68 billion within the past week
- Recent insider activity shows $4.5 million in sales versus $75,000 in buys over the past 30 days
- The company has raised approximately $2.72 billion in capital through dilutive offerings in a short timeframe
Financial Impact
Raised $1.04 billion through issuance of 54.51 million shares at $19.00 per share, bringing total recent capital raises to approximately $2.72 billion
Risk Factors
- Significant shareholder dilution from raising approximately $2.72 billion in capital in a short period
- Execution risk in constructing the Hawesville data center on time and within budget
- Potential for further dilutive capital raises if additional funding is needed
- Insider selling exceeding insider buying by a 60:1 ratio suggests lack of confidence from company insiders
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-044387 |
| Document: tm2611661d9_8k.htm | 0001104659-26-044387 |
| Document: tm2611661d9_ex99-1.htm | 0001104659-26-044387 |
| Document: tm2611661d9_ex5-1.htm | 0001104659-26-044387 |
| Document: 0001104659-26-044387-index-headers.html | 0001104659-26-044387 |
| Document: 0001104659-26-044387-index.html | 0001104659-26-044387 |
| Document: 0001104659-26-044387.txt | 0001104659-26-044387 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 26, 2026
14d ago
|
8-K
| $25.18 $25.66 | ▲ +1.91% | ▲ +0.82% | $25.30 (+0.48%) |
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May 8, 2026
4w ago
|
8-K
| $23.39 $24.17 | ▼ −3.33% | ▼ −1.87% | $25.30 (−8.17%) |
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May 8, 2026
4w ago
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Press Release
| $23.39 $24.17 | ▼ −3.33% | ▼ −1.87% | $25.30 (−8.17%) |
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Apr 30, 2026
5w ago
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Press Release
| $21.73 $25.74 | ▲ +18.45% | ▲ +16.73% | $25.30 (+16.43%) |
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Apr 16, 2026
7w ago
|
8-K
| $20.64 $20.01 | ▲ +3.05% | ▲ +3.61% | $25.30 (−22.58%) |
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Apr 16, 2026
7w ago
|
424B5
| $19.31 $20.37 | ▼ −5.49% | ▼ −4.51% | $25.30 (−31.02%) |
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Apr 15, 2026
8w ago
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8-K
| $19.67 $20.55 | ▼ −4.47% | ▼ −2.83% | $25.30 (−28.62%) |
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Apr 14, 2026
8w ago
|
8-K
| $19.67 $20.55 | ▼ −4.47% | ▼ −2.83% | $25.30 (−28.62%) |
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Apr 14, 2026
8w ago
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S-3ASR
| $19.67 $20.55 | ▲ +4.47% | ▲ +2.83% | $25.30 (+28.62%) |
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Mar 17, 2026
12w ago
|
Insider Cluster
| $16.04 $16.22 | ▼ −1.12% | ▼ −3.78% | $25.30 (−57.73%) |
US Market Status
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