TeraWulf Inc. $WULF Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its TeraWulf stake by 9.2% in the first quarter, adding 488,184 shares to own 5.78 million shares worth approximately $83.4 million. Institutional investors collectively hold 62.49% of WULF.
• TeraWulf reported a quarterly loss of $1.94 per share, far worse than the $0.24 analyst consensus, while revenue of $44.77 million fell short of estimates and declined 6% year over year.
• Despite the weak results and a 3% share-price decline, analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $34.74 versus the reported $17.08 trading price.

Bank of America Corp DE grew its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,777,458 shares of the company's stock after purchasing an additional 488,184 shares during the period. Bank of America Corp DE owned approximately 1.17% of TeraWulf worth $83,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of TeraWulf in the 3rd quarter worth approximately $29,000. First United Bank & Trust bought a new stake in TeraWulf during the first quarter worth approximately $37,000. Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after buying an additional 2,394 shares in the last quarter. Solstein Capital LLC acquired a new position in TeraWulf in the fourth quarter worth approximately $34,000. Finally, Summit Securities Group LLC acquired a new position in TeraWulf in the first quarter worth approximately $48,000. Institutional investors and hedge funds own 62.49% of the company's stock.

Insiders Place Their Bets

In other TeraWulf news, CEO Paul B. Prager sold 166,650 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total value of $4,071,259.50. Following the completion of the sale, the chief executive officer owned 4,249,202 shares in the company, valued at $103,808,004.86. This represents a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 15.90% of the company's stock.

TeraWulf Trading Down 3.0%

NASDAQ:WULF opened at $17.08 on Friday. The stock has a market cap of $8.52 billion, a PE ratio of -3.91 and a beta of 3.76. TeraWulf Inc. has a fifty-two week low of $4.67 and a fifty-two week high of $29.84. 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 stock's 50-day moving average is $22.55 and its two-hundred day moving average is $19.45.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($1.70). The company had revenue of $44.77 million during the quarter, compared to analysts' expectations of $46.00 million. TeraWulf had a negative return on equity of 512.60% and a negative net margin of 1,179.94%.TeraWulf's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, equities research analysts forecast that TeraWulf Inc. will post -1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on WULF. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $37.00 price target on shares of TeraWulf in a report on Wednesday, July 15th. Citigroup assumed coverage on TeraWulf in a research note on Monday, June 29th. They set a "buy" rating and a $36.00 price objective for the company. Needham & Company LLC lifted their target price on TeraWulf from $28.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Sanford C. Bernstein assumed coverage on TeraWulf in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $46.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TeraWulf in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, TeraWulf presently has a consensus rating of "Moderate Buy" and an average price target of $34.74.

More TeraWulf News

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: AI expansion remains a key catalyst: TeraWulf reaffirmed its goal of contracting 250 to 500 megawatts annually, following a reported $19 billion Anthropic lease and the $530 million Abernathy sale. The developments support the company’s pivot from cryptocurrency mining toward AI infrastructure. TeraWulf reaffirms annual contracting target
• Positive Sentiment: Analysts remain bullish: Rosenblatt Securities reaffirmed a “Buy” rating with a $30 price target, while Chardan Capital maintained its “Buy” rating and a $32 target. Bernstein also reportedly maintained an upside view tied to TeraWulf’s AI pivot. Rosenblatt rating update Bernstein AI pivot view
• Positive Sentiment: Forecast revisions were modestly favorable: Northland Securities reduced the expected size of TeraWulf’s Q3 and Q4 2026 losses to $0.24 and $0.21 per share, respectively, from prior estimates of $0.26 and $0.23. Northland earnings estimates
• Negative Sentiment: Quarterly results overshadowed the positive catalysts: TeraWulf reported a second-quarter loss of $1.94 per share, substantially worse than the $0.24 analyst consensus, while revenue of $44.77 million fell short of the $46 million estimate and declined year over year. The disappointing results pressured the stock even as Bitcoin moved toward $65,000. TeraWulf shares fall after Q2 losses

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.

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.

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