WULF

TERAWULF INC.

Nasdaq · Finance Services · Inc. DE · CIK 0001083301

$22.67 -1.08% $11.4B

Insider Selling Cluster (3 insiders)High Impact Filing (7/10)3 New Institutional Positions3 Institutional Exits

Vol

Market Cap$11.4B

Cap SizeLarge Cap

Analyst ConsensusStrong Buy (95%)

Inst. Holders8 funds

Inst. Value$717.8M

Inst. Activity3 buys / 3 sells

Insider Activity0B / 3S

Insider Net $-$3.3M

Reddit Sentiment50° Neutral

SEC Reports11

Exchange Nasdaq·Sector Finance Services·Inc. DE·CIK 0001083301·Prev Close $22.92

Recent Activity

May 18, 2026 Insider

Fleury Patrick sold 327,054 shares

Chief Financial Officer @ $0.00 ($0.00)

May 18, 2026 Insider

Fleury Patrick sold 128,695 shares

Chief Financial Officer @ $0.00 ($0.00)

May 18, 2026 Insider

Fleury Patrick sold 327,054 shares

Chief Financial Officer @ $0.00 ($0.00)

May 8, 2026 SEC

TeraWulf reported Q1 2026 revenue of $34.0M (in line with $32.6M consensus) but GAAP EPS of -$1.01, far worse than the -

PRESS-RELEASE — Impact 7/10

May 8, 2026 SEC

TeraWulf reported Q1 2026 revenue of $34.0M (flat YoY) and a GAAP net loss of $427.7M ($1.01/share), driven by $216.3M i

8-K — Impact 7/10

Apr 30, 2026 SEC

TeraWulf announced it will report Q1 2026 earnings on May 8, 2026. No financial results or guidance were provided in thi

PRESS-RELEASE — Impact 2/10

Inst.

VANGUARD GROUP INC — ADD

33,643,009 shares ($386.6M)

Inst.

FMR LLC — DOUBLED

6,367,776 shares ($73.2M)

Price Targets

$30.85 +36.1% upside Strong Buy

Current $22.67 Low $25.00 Median $30.00 High $42.00 13 analysts

$25.00 $42.00

Analyst Ratings

Strong Buy95% buy · 20 analysts

4Strong Buy

15Buy

1Hold

0Sell

0Strong Sell

Recent Analyst Actions

Date	Firm	Action	Rating
May 19, 2026	Morgan Stanley	MAINTAIN	Overweight → Overweight
May 14, 2026	Jefferies	INITIATE	Buy
May 12, 2026	Keefe, Bruyette & Woods	MAINTAIN	Outperform → Outperform
May 11, 2026	Cantor Fitzgerald	MAINTAIN	Overweight → Overweight
May 11, 2026	Rosenblatt	MAINTAIN	Buy → Buy

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$-0.26 ▼ -12.8%	$-0.27 — $-0.24	-824% YoY	2
Next Q	$-0.18 ▼ -47.5%	$-0.21 — $-0.15	-374% YoY	2
Current FY	$-0.43 ▲ +35.6%	$-0.43 — $-0.43	-6% YoY	1
Next FY	$0.30 ▲ +7483.3%	$-0.12 — $0.56	171% YoY	3

Latest Reports

BEARISH PRESS-RELEASE 7/10

TeraWulf reported Q1 2026 revenue of $34.0M (in line with $32.6M consensus) but GAAP EPS of -$1.01, far worse than the -

May 8, 2026

BEARISH 8-K 7/10

TeraWulf reported Q1 2026 revenue of $34.0M (flat YoY) and a GAAP net loss of $427.7M ($1.01/share), driven by $216.3M i

May 8, 2026

Top Institutional Holders

Fund	Value	Move
VANGUARD GROUP INC	$386.6M	ADD
MORGAN STANLEY	$110.8M	ADD
FMR LLC	$73.2M	DOUBLED
BANK OF AMERICA CORP	$60.8M	TRIM
TWO SIGMA INVESTMENTS, LP	$45.8M	TRIM

Recent Insider Trades

Date	Insider	Type	Value
May 18, 2026	Fleury Patrick	M	$0.00
May 18, 2026	Fleury Patrick	D	$0.00
May 18, 2026	Fleury Patrick	M	$0.00
May 18, 2026	Langlais Kerri	M	$0.00
May 18, 2026	Langlais Kerri	D	$0.00

Reddit Sentiment

50°

Neutral

Bearish Neutral Bullish

6 mentions 1 bullish 1 bearish

8 institutional holders with $717.8M total value (62,475,129 shares) as of 2025-Q4. Top holders: VANGUARD, MORGAN, FMR.

Top Institutional Holders — 2025-Q4

#	Fund	Shares	Value	% of Tracked	Last Move
1	VANGUARD GROUP INC	33,643,009	$386.6M	53.9%	ADD +37.4%
2	MORGAN STANLEY	9,641,209	$110.8M	15.4%	ADD +61.4%
3	FMR LLC	6,367,776	$73.2M	10.2%	DOUBLED +123.9%
4	BANK OF AMERICA CORP /DE/	5,289,274	$60.8M	8.5%	TRIM -26.7%
5	TWO SIGMA INVESTMENTS, LP	3,986,429	$45.8M	6.4%	TRIM -54.3%
6	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	2,697,924	$31.0M	4.3%	NEW
7	WELLS FARGO & COMPANY/MN	449,908	$5.2M	0.7%	TRIM -54.2%
8	NORGES BANK	399,600	$4.6M	0.6%	NEW

Recent Position Changes

Fund	Action	Prev Shares	Curr Shares	Change %	Value	Quarter
VANGUARD GROUP INC	ADD	24,480,051	33,643,009	+37.4%	$386.6M	2025-Q4
FMR LLC	DOUBLED	2,844,269	6,367,776	+123.9%	$73.2M	2025-Q4
BANK OF AMERICA CORP /DE/	TRIM	7,219,747	5,289,274	-26.7%	$60.8M	2025-Q4
TWO SIGMA INVESTMENTS, LP	TRIM	8,716,420	3,986,429	-54.3%	$45.8M	2025-Q4
WELLS FARGO & COMPANY/MN	TRIM	983,313	449,908	-54.2%	$5.2M	2025-Q4
NORGES BANK	NEW	—	399,600	—	$4.6M	2025-Q4
TWO SIGMA INVESTMENTS, LP	ADD	5,552,167	8,716,420	+57.0%	$99.5M	2025-Q3
BANK OF AMERICA CORP /DE/	TRIM	14,392,299	7,219,747	-49.8%	$82.4M	2025-Q3
FMR LLC	DOUBLED	12,899	2,844,269	+21950.3%	$32.5M	2025-Q3
WELLS FARGO & COMPANY/MN	DOUBLED	189,466	983,313	+419.0%	$11.2M	2025-Q3
MORGAN STANLEY	ADD	5,101,317	8,235,104	+61.4%	$36.1M	2025-Q2
UBS Group AG	ADD	5,150,717	6,639,861	+28.9%	$29.1M	2025-Q2
TWO SIGMA INVESTMENTS, LP	DOUBLED	1,850,324	5,552,167	+200.1%	$24.3M	2025-Q2
WELLS FARGO & COMPANY/MN	NEAR_EXIT	2,147,846	189,466	-91.2%	$829.9K	2025-Q2
FMR LLC	ADD	10,169	12,899	+26.8%	$56.5K	2025-Q2
CITADEL ADVISORS LLC	ADD	9,458,122	13,295,712	+40.6%	$36.3M	2025-Q1
WELLS FARGO & COMPANY/MN	DOUBLED	198,025	2,147,846	+984.6%	$5.9M	2025-Q1
TWO SIGMA INVESTMENTS, LP	DOUBLED	541,426	1,850,324	+241.8%	$5.1M	2025-Q1
CITADEL ADVISORS LLC	ADD	5,419,129	9,458,122	+74.5%	$53.5M	2024-Q4
UBS Group AG	DOUBLED	665,174	6,601,195	+892.4%	$37.4M	2024-Q4
MORGAN STANLEY	DOUBLED	2,804,950	6,062,485	+116.1%	$34.3M	2024-Q4
WELLS FARGO & COMPANY/MN	ADD	114,236	198,025	+73.3%	$1.1M	2024-Q4
Duquesne Family Office LLC	TRIM	2,944,451	1,472,225	-50.0%	$8.3K	2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	NEW	—	2,363,951	—	$11.1M	2024-Q3

4 unique insiders with 3 transactions. Net insider value: -$3.3M ($0.00 bought, $3.3M sold).

Insider Transactions

Date	Insider	Title	Type	Shares	Price	Value
May 18, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
May 18, 2026	Fleury Patrick	Chief Financial Officer	D	128,695	$0.00	$0.00
May 18, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
May 18, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
May 18, 2026	Langlais Kerri M.	Chief Strategy Officer	D	180,860	$0.00	$0.00
May 18, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
May 18, 2026	Khan Nazar M.	Chief Technology Officer	M	817,634	$0.00	$0.00
May 18, 2026	Khan Nazar M.	Chief Technology Officer	D	452,151	$0.00	$0.00
May 18, 2026	Khan Nazar M.	Chief Technology Officer	M	817,634	$0.00	$0.00
May 18, 2026	Prager Paul B.	Chief Executive Officer	M	981,161	$0.00	$0.00
May 18, 2026	Prager Paul B.	Chief Executive Officer	M	981,161	$0.00	$0.00
May 18, 2026	Prager Paul B.	Chief Executive Officer	D	542,582	$0.00	$0.00
May 6, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00
May 6, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
May 6, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00
May 6, 2026	Prager Paul B.	Chief Executive Officer	D	542,582	$0.00	$0.00
May 6, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
May 6, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
May 6, 2026	Khan Nazar M.	Chief Technology Officer	D	452,152	$0.00	$0.00
May 6, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
May 6, 2026	Fleury Patrick	Chief Financial Officer	D	128,695	$0.00	$0.00
May 6, 2026	Langlais Kerri M.	Chief Strategy Officer	D	180,860	$0.00	$0.00
May 6, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
May 6, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
Apr 28, 2026	Prager Paul B.	Chief Executive Officer	SELL	79,100	$20.62	$1.6M
Apr 27, 2026	Prager Paul B.	Chief Executive Officer	SELL	80,591	$20.51	$1.7M
Apr 24, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
Apr 24, 2026	Khan Nazar M.	Chief Technology Officer	SELL	452,152	$0.00	$0.00
Apr 24, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
Apr 24, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
Apr 24, 2026	Fleury Patrick	Chief Financial Officer	D	128,695	$0.00	$0.00
Apr 24, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
Apr 24, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00
Apr 24, 2026	Prager Paul B.	Chief Executive Officer	D	542,582	$0.00	$0.00
Apr 24, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00
Apr 24, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
Apr 24, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
Apr 24, 2026	Langlais Kerri M.	Chief Strategy Officer	D	180,860	$0.00	$0.00
Apr 14, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
Apr 14, 2026	Fleury Patrick	Chief Financial Officer	D	121,612	$0.00	$0.00
Apr 14, 2026	Fleury Patrick	Chief Financial Officer	M	327,054	$0.00	$0.00
Apr 14, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
Apr 14, 2026	Langlais Kerri M.	Chief Strategy Officer	D	180,860	$0.00	$0.00
Apr 14, 2026	Langlais Kerri M.	Chief Strategy Officer	M	327,054	$0.00	$0.00
Apr 14, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
Apr 14, 2026	Khan Nazar M.	Chief Technology Officer	D	444,992	$0.00	$0.00
Apr 14, 2026	Khan Nazar M.	Chief Technology Officer	M	817,635	$0.00	$0.00
Apr 14, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00
Apr 14, 2026	Prager Paul B.	Chief Executive Officer	D	535,422	$0.00	$0.00
Apr 14, 2026	Prager Paul B.	Chief Executive Officer	M	981,162	$0.00	$0.00

11 SEC filing reports analyzed. Sentiment: 0 bullish, 9 bearish, 0 mixed, 2 neutral. Avg impact: 6.5/10.

BEARISH PRESS-RELEASE 7/10

TeraWulf reported Q1 2026 revenue of $34.0M (in line with $32.6M consensus) but GAAP EPS of -$1.01,

May 8, 2026

BEARISH 8-K 7/10

TeraWulf reported Q1 2026 revenue of $34.0M (flat YoY) and a GAAP net loss of $427.7M ($1.01/share),

May 8, 2026

NEUTRAL PRESS-RELEASE 2/10

TeraWulf announced it will report Q1 2026 earnings on May 8, 2026. No financial results or guidance

Apr 30, 2026

BEARISH 8-K 8/10

TeraWulf reported preliminary Q1 2026 revenue of $30-35M and adjusted EBITDA of $0-3M, while announc

Apr 21, 2026

BEARISH 8-K 8/10

TeraWulf Inc. completed a $1.04 billion public offering of 54.51 million shares at $19.00 per share,

Apr 16, 2026

BEARISH 424B5 8/10

TeraWulf Inc. is raising approximately $878 million through a public offering of 47.4 million shares

Apr 16, 2026

BEARISH 8-K 7/10

TeraWulf Inc. priced an upsized public common stock offering of 47.4 million shares at $19.00 per sh

Apr 15, 2026

NEUTRAL S-3ASR 3/10

TeraWulf Inc. filed a shelf registration (S-3ASR) to potentially raise capital through future offeri

Apr 14, 2026

BEARISH CLUSTER 7/10

Terawulf's CEO sold over $4.47 million in shares over three days in mid-March 2026, while a single d

Mar 26, 2026

BEARISH CLUSTER 7/10

A significant insider trading cluster at TERAWULF Inc. (WULF) shows contrasting activity: CFO Patric

Mar 20, 2026

BEARISH CLUSTER 7/10

TeraWulf's CFO, Patrick Fleury, sold nearly $9.26 million worth of shares in a single open-market tr

Mar 20, 2026

∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (95% buy). Based on 20 analysts: 4 strong buy, 15 buy, 1 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$30.85 mean target +36.1% upside Strong Buy (1.42)

$25.00 Low $42.00 High

Metric	Value
Current Price	$22.67
Target Low	$25.00
Target Mean	$30.85
Target Median	$30.00
Target High	$42.00
# Analysts	13
Recommendation	Strong Buy (1.42)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-06-30	$-0.26	$-0.27	$-0.24	-823.9%	-12.8%	1↑ 1↓	$0.1B	9.7%	2
Next Q 2026-09-30	$-0.18	$-0.21	$-0.15	-373.7%	-47.5%	1↑ 1↓	$0.1B	72.0%	2
Current FY 2026-12-31	$-0.43	$-0.43	$-0.43	-5.8%	+35.6%	—	$0.3B	99.5%	1
Next FY 2027-12-31	$0.30	$-0.12	$0.56	170.5%	+7483.3%	0↑ 2↓	$1.0B	211.6%	3

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$-0.255
7d ago	$-0.255
30d ago	$-0.226	-0.029
60d ago	$-0.238	-0.017
90d ago	$-0.172	-0.083

7 analyst firms have rated this stock: 1 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
May 19, 2026	Morgan Stanley	MAINTAIN	Overweight	Overweight
May 14, 2026	Jefferies	INITIATE	—	Buy
May 12, 2026	Keefe, Bruyette & Woods	MAINTAIN	Outperform	Outperform
May 11, 2026	Cantor Fitzgerald	MAINTAIN	Overweight	Overweight
May 11, 2026	Rosenblatt	MAINTAIN	Buy	Buy
May 11, 2026	Needham	MAINTAIN	Buy	Buy
Apr 20, 2026	Oppenheimer	MAINTAIN	Outperform	Outperform
Apr 15, 2026	Needham	REITERATE	Buy	Buy
Apr 15, 2026	Rosenblatt	MAINTAIN	Buy	Buy
Apr 9, 2026	Cantor Fitzgerald	MAINTAIN	Overweight	Overweight
Mar 19, 2026	Rosenblatt	MAINTAIN	Buy	Buy
Mar 11, 2026	Keefe, Bruyette & Woods	MAINTAIN	Outperform	Outperform
Feb 27, 2026	Rosenblatt	MAINTAIN	Buy	Buy
Feb 27, 2026	Cantor Fitzgerald	MAINTAIN	Overweight	Overweight
Feb 3, 2026	Needham	REITERATE	Buy	Buy
Dec 31, 2025	Keefe, Bruyette & Woods	UPGRADE	Market Perform	Outperform
Dec 23, 2025	Cantor Fitzgerald	MAINTAIN	Overweight	Overweight

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Buy %
May 1, 2026	4	15	1	95%
Apr 1, 2026	4	15	1	95%
Mar 1, 2026	4	15	1	95%
Feb 1, 2026	4	14	1	95%
Jan 1, 2026	4	14	1	95%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

50°

Neutral

Bearish Neutral Bullish

6 mentions 1 bullish 1 bearish 5 time periods

Reddit Sentiment History

Date	Mentions	Sentiment	Bullish	Bearish	Threads
Apr 20, 2026	1	50° Neutral	0	0	1
Apr 20, 2026	1	50° Neutral	0	0	1
Apr 8, 2026	2	56° Neutral	0	0	2
Apr 8, 2026	1	60° Warm	1	0	1
Feb 20, 2026	1	40° Cool	0	1	1

Recent Reddit Threads

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r/wallstreetbets Bullish 1mo ago

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May 8, 2026

earnings

TeraWulf Reports First Quarter 2026 Results

Development timeline on track at WULF Compute

May 8, 2026

earnings_calendar

WULF Q1 2026 Earnings Scheduled — 2026-05-08

May 4, 2026

other

TeraWulf Announces Participation in Upcoming Investor and Industry Conferences

EASTON, Md., May 04, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertica

May 4, 2026

short_volume

Short Volume: WULF — 57.0% short (6.4M / 11.2M)

Short: 6,391,940 | Exempt: 18,604 | TRF Vol: 11,214,209 | Short Ratio: 57.0% | Off-exchange volume (dark pool + OTC)

Apr 30, 2026

earnings

TeraWulf Schedules Conference Call for First Quarter 2026 Financial Results

Earnings Call Set for Friday, May 8, 2026 at 8:00 a.m. ET <pre>Earnings Call Set for Friday, May 8, 2026 at 8:00 a.m. ET</pre>

Apr 30, 2026

short_interest

FTD: WULF — 97,762 shares ($2.0M) failed to deliver

Settlement: 20260430, Price: $20.02, FTD Value: $1,957,195.24, TERAWULF INC COM (DE)

Apr 29, 2026

short_volume

Short Volume: WULF — 61.1% short (6.5M / 10.7M)

Short: 6,522,227 | Exempt: 31,977 | TRF Vol: 10,666,574 | Short Ratio: 61.1% | Off-exchange volume (dark pool + OTC)

Apr 29, 2026

short_interest

FTD: WULF — 130,557 shares ($2.7M) failed to deliver

Settlement: 20260429, Price: $20.80, FTD Value: $2,715,585.6, TERAWULF INC COM (DE)

Apr 28, 2026

short_interest

FTD: WULF — 193,868 shares ($4.2M) failed to deliver

Settlement: 20260428, Price: $21.43, FTD Value: $4,154,591.24, TERAWULF INC COM (DE)

Apr 27, 2026

short_interest

FTD: WULF — 197,065 shares ($3.9M) failed to deliver

Settlement: 20260427, Price: $20.01, FTD Value: $3,943,270.65, TERAWULF INC COM (DE)

Apr 24, 2026

short_interest

FTD: WULF — 343,065 shares ($7.0M) failed to deliver

Settlement: 20260424, Price: $20.37, FTD Value: $6,988,234.05, TERAWULF INC COM (DE)

Apr 22, 2026

short_interest

FTD: WULF — 131,403 shares ($2.6M) failed to deliver

Settlement: 20260422, Price: $19.77, FTD Value: $2,597,837.31, TERAWULF INC COM (DE)

Apr 20, 2026

short_interest

FTD: WULF — 70,364 shares ($1.5M) failed to deliver

Settlement: 20260420, Price: $20.64, FTD Value: $1,452,312.96, TERAWULF INC COM (DE)

Apr 16, 2026

offering

TeraWulf Announces Closing of Common Stock Offering

EASTON, Md., April 16, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (NASDAQ: WULF) (the “Company” or “TeraWulf”) today announced the closing of its pre

Apr 16, 2026

short_interest

FTD: WULF — 28,444 shares ($0.6M) failed to deliver

Settlement: 20260416, Price: $19.67, FTD Value: $559,493.48, TERAWULF INC COM (DE)