California State Teachers Retirement System Has $5.17 Million Stock Position in TeraWulf Inc. $WULF

California State Teachers Retirement System raised its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 24.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,305 shares of the company's stock after acquiring an additional 69,879 shares during the quarter. California State Teachers Retirement System owned approximately 0.07% of TeraWulf worth $5,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Comerica Bank lifted its position in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after buying an additional 12,370 shares in the last quarter. Millennium Management LLC raised its holdings in TeraWulf by 47.8% during the first quarter. Millennium Management LLC now owns 2,456,045 shares of the company's stock worth $6,705,000 after acquiring an additional 793,832 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in TeraWulf by 5.8% during the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock worth $181,000 after acquiring an additional 2,258 shares in the last quarter. Creative Planning boosted its position in TeraWulf by 232.2% during the second quarter. Creative Planning now owns 47,665 shares of the company's stock valued at $209,000 after purchasing an additional 33,317 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in TeraWulf by 10.6% during the second quarter. Franklin Resources Inc. now owns 56,684 shares of the company's stock valued at $248,000 after purchasing an additional 5,432 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WULF has been the topic of several recent analyst reports. Sanford C. Bernstein began coverage on TeraWulf in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $46.00 price target on the stock. Jefferies Financial Group began coverage on TeraWulf in a report on Thursday, May 14th. They issued a "buy" rating and a $28.00 price objective for the company. Zacks Research cut shares of TeraWulf from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 9th. Morgan Stanley boosted their target price on shares of TeraWulf from $66.50 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $37.00 price target on shares of TeraWulf in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, TeraWulf has a consensus rating of "Moderate Buy" and a consensus target price of $34.74.

Key Stories Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Analysts remain bullish: Rosenblatt Securities reaffirmed its “Buy” rating and set a $30 price target, implying substantial upside from the referenced $17.61 level. Benzinga analyst rating report
• Positive Sentiment: Chardan Capital also reaffirmed its “Buy” rating and raised or maintained a $32 price target, signaling confidence in TeraWulf’s longer-term growth prospects. Benzinga analyst rating report
• Positive Sentiment: TeraWulf said 102 megawatts of revenue-generating critical IT capacity is operating at Lake Mariner, while another 336 MW is under construction and expected to be delivered within its cost and schedule guidance. This supports the company’s strategy of serving growing AI and high-performance-computing demand. TeraWulf Reports Second Quarter 2026 Results
• Neutral Sentiment: Management described the business as moving toward “scaled execution,” with access to power becoming increasingly important in the AI infrastructure race. The outlook depends on completing construction and converting capacity into sustained revenue and profitability. TeraWulf CEO comments on scaled execution
• Negative Sentiment: Quarterly results disappointed: TeraWulf reported a loss per share far worse than analyst expectations, while revenue of $44.77 million fell short of the $45.32 million consensus estimate and declined 6% year over year. The earnings miss, alongside continued negative margins, is the primary near-term pressure on WULF. TeraWulf quarterly earnings report

TeraWulf Trading Down 2.5%

Shares of TeraWulf stock opened at $17.61 on Friday. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day simple moving average of $22.72 and a two-hundred day simple moving average of $19.46. TeraWulf Inc. has a 1 year low of $4.67 and a 1 year high of $29.84. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of -4.03 and a beta of 3.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The company had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 512.60%. TeraWulf's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Research analysts forecast that TeraWulf Inc. will post -1.06 EPS for the current year.

Insider Activity at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the company's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company's stock.

About TeraWulf

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.

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