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

Key Points

• EFG International AG initiated a position in TeraWulf by purchasing 181,834 shares worth approximately $4.49 million in the second quarter. Other institutions also added stakes, bringing institutional and hedge-fund ownership to 62.49%.
• TeraWulf reported a significant quarterly loss, with adjusted earnings of -$1.94 per share versus analysts’ expected loss of $0.24, while revenue fell 6% year over year to $44.77 million.
• Despite weak earnings, analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $34.21, substantially above the reported $16.32 share price.

EFG International AG bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source