Northland Securities Boosts Earnings Estimates for TeraWulf

Key Points

• Northland Securities modestly raised TeraWulf’s FY2026 EPS estimate to a loss of $1.23 per share from $1.24, though this remains below the consensus estimate of a $1.00 loss.
• TeraWulf reported a steep second-quarter loss of $1.94 per share, far worse than the $0.24 consensus, while revenue fell 6% year over year to $44.77 million and missed expectations.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and $34.74 price target, supported by the company’s shift toward AI infrastructure and large power-contract opportunities.

TeraWulf Inc. (NASDAQ:WULF - Free Report) - Analysts at Northland Securities raised their FY2026 earnings per share (EPS) estimates for TeraWulf in a report issued on Wednesday, August 5th. Northland Securities analyst M. Grondahl now expects that the company will post earnings of ($1.23) per share for the year, up from their previous estimate of ($1.24). The consensus estimate for TeraWulf's current full-year earnings is ($1.00) per share.

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

A number of other research analysts also recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $30.00 price objective on shares of TeraWulf in a research report on Thursday. Oppenheimer reissued an "outperform" rating and set a $35.00 target price on shares of TeraWulf in a research note on Wednesday, May 27th. Compass Point set a $40.00 price objective on TeraWulf in a research report on Monday, July 6th. Citigroup assumed coverage on TeraWulf in a research note on Monday, June 29th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Morgan Stanley upped their target price on TeraWulf from $66.50 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.74.

TeraWulf Price Performance

Shares of WULF opened at $17.08 on Monday. The business's 50-day moving average is $22.55 and its 200-day moving average is $19.49. 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 company has a market capitalization of $8.52 billion, a price-to-earnings ratio of -3.91 and a beta of 3.76. TeraWulf has a fifty-two week low of $4.67 and a fifty-two week high of $29.84.

Insider Activity

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $26.60, for a total transaction of $3,657,500.00. Following the transaction, the chief executive officer directly owned 3,945,052 shares of the company's stock, valued at $104,938,383.20. This represents a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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.

Institutional Trading of TeraWulf

Several large investors have recently made changes to their positions in WULF. Advisory Services Network LLC bought a new position in shares of TeraWulf in the 3rd quarter valued at approximately $29,000. Vermillion Wealth Management Inc. boosted its position 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 purchasing an additional 2,394 shares during the period. Solstein Capital LLC bought a new stake in TeraWulf during the fourth quarter worth approximately $34,000. Comerica Bank grew its holdings in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after purchasing an additional 747 shares during the period. Institutional investors own 62.49% of the company's stock.

Key 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.

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