Terawulf Inc. (WULF)
NasdaqCM · Price as of · Nasdaq Real Time Price
- Profitability0/20
Losing money: $-1.62B net income over the last four reported quarters. Revenue over the last four reported quarters was $16.3M, up 15% from $14.2M the year before.
- Insider buying vs selling17/20
Some insider buying (3 buys, $189,916) against larger selling (4 sells, $9.0M). Any open-market buying is worth noticing. Separately, 5 new 5%+ stake disclosures (13D/13G) hit in the last 6 months, which is big-money accumulation.
- Dilution and offerings1/15
Share count up 27.3% in a year and 4 offering-related filings. Heavy dilution. One nuance: offerings raise cash that can fund real growth. The score docks the certain near-term dilution; if the spending pays off, it shows up later in the profitability component.
- Analysts24
- Implied upside+188.6%
- Target range$15.00 to $65.00
- EPS expected-$0.36
- A year ago-$0.04
- Revenue expected$64.9M +28%
- Estimate range-$0.40 to -$0.34
WULF closed at $11.32 on Oct 22, down 30.8% since Sep 23. Chart read: price below both the 50-day and 200-day moving averages; the 50-day is below the 200-day (downtrend structure); trading at 2% of the 52-week range ($10.99 to $28.98).
Insider buying and selling at Terawulf Inc. (WULF)
The most recent Form 4 on record for Terawulf Inc. (WULF) is September 15, 2026, when Michael C. Bucella, Director, bought $89,967 of stock. An open-market purchase is money the filer chose to put in.
| Insider | Action | Value | Date | Type |
|---|---|---|---|---|
| Michael C. Bucella · Director | Buy | $89,967 | September 15, 2026 | Notable buy |
| Michael C. Bucella · Director | Buy | $99,950 | August 14, 2026 | Notable buy |
| Paul B. Prager · Chief Executive Officer | Sell | $3.7M | June 29, 2026 | Routine |
| Paul B. Prager · Chief Executive Officer | Sell | $8.4M | May 26, 2026 | Routine |
| Paul B. Prager · Chief Executive Officer | Sell | $4.5M | April 27, 2026 | Red flag |
| Paul B. Prager · Chief Executive Officer | Sell | $4.5M | March 24, 2026 | Routine |
| Michael C. Bucella · Director | Buy | $75,291 | March 17, 2026 | Notable buy |
| Patrick Fleury · Chief Financial Officer | Sell | $9.7M | March 17, 2026 | Red flag |
Filed notices to sell
A Form 144 is filed beforean insider sells restricted stock. The Form 4 reporting the completed trade isn't due until two business days after the sale, so these land first. They are intentions, not transactions.
| Insider | Value | Filed | Status | Type |
|---|---|---|---|---|
| Prager Paul B. · Officer, Director | $52.4M | September 22, 2026 | Not yet reported | Other |
| Motz Catherine J. · Director | $996,089 | September 8, 2026 | Executed | Vested shares |
| Carter Walter E. · Director | $2.0M | September 1, 2026 | Executed | Vested shares |
SEC filings
| Form | Filed | Description |
|---|---|---|
| SCHEDULE 13G/A | October 19, 2026 | View on EDGAR |
| 8-K | October 5, 2026 | 8-K |
| 4 | October 2, 2026 | FORM 4 |
| 4 | October 2, 2026 | FORM 4 |
| 4 | October 2, 2026 | FORM 4 |
| 4 | September 29, 2026 | FORM 4 |
| SCHEDULE 13G | September 25, 2026 | View on EDGAR |
| 4 | September 23, 2026 | FORM 4 |
Terawulf news
All 33 articles
TeraWulf (WULF) gets Wall Street backing as shares fall 15% in a week
Morgan Stanley says TeraWulf is mispriced, while Cantor cut its target and still called the stock a generational buy.
TeraWulf (WULF) signed a deal to double power at its Kentucky AI campus to 1 GW. No customer is named.
The utility deal would move the Muskie campus's second phase up a year. The campus is separate from TeraWulf's Anthropic site in Kentucky.
TeraWulf (WULF) director Ted Carter sold $1.98 million of stock, his first sale in five years on the board
Ted Carter, a TeraWulf director since 2021 and its audit committee chair, sold 130,626 WULF shares on August 31 for $1.98 million. The Form 4 shows no trading plan, and it is his first sale since joining the board.
New York froze new data centers for a year, and TeraWulf just became the day's biggest loser because of it. Nebius, close behind, has nothing to do with New York.
Governor Hochul signed a first-in-the-nation moratorium on new hyperscale data centers today, and TeraWulf (WULF) fell 6.7%, the hardest hit in the group, because it owns exactly the kind of project the order targets. Nebius (NBIS) fell almost as much, and Digital Realty (DLR) also dropped on real New York exposure, but Nebius and CoreWeave (CRWV) have nothing to do with Albany.
TeraWulf is borrowing $3.5 billion for its Anthropic data center. Here's what that means for the stock (WULF)
TeraWulf is raising $3.5 billion in debt, its first-ever leveraged loan deal, to build the Kentucky campus behind its $19 billion Anthropic lease. The stock is up again today, but the move is more complicated than it looks.
TeraWulf, CoreWeave, and Nebius are having a big day. The stocks still mostly mining bitcoin are not.
TeraWulf, Nebius, IREN, CoreWeave, and five other AI infrastructure stocks are surging together Wednesday, while HIVE Digital and CleanSpark, the two names still mostly mining bitcoin, are red. The split isn't random.
TeraWulf (WULF) spiked 18%, then gave most of it back: sell the news, buy the rumor
TeraWulf (WULF) opened up 14% and spiked as high as $25.04 on a $19 billion Anthropic lease, then gave back nearly 70% of that gain by early afternoon. Here is how the short interest and the deal math explain the fade.
TeraWulf (WULF) stock jumps 18% on a 20-year, $19 billion Anthropic data center lease
TeraWulf signed a 20-year lease with Anthropic worth about $19 billion in contracted revenue at its Kentucky data center campus, and sold its Abernathy, Texas stake to a Fluidstack-led group for about $530 million the same day. WULF stock jumped as much as 17%, reversing a hard slide, right after Anthropic's reported $15 billion Australia data center plan.
Articles that mention Terawulf without it being the main subject.
CoreWeave (CRWV) and seven other AI infrastructure borrowers see bond spreads widen as a Goldman note says credit is ahead of stocks
We compared the same AI borrowers' bonds from Oct. 8 through Oct. 16, and every one widened while JNK barely moved. Now updated with what new debt would cost each borrower.
JPMorgan double-upgrades IREN Ltd (IREN) as AI slowdown rattles peers
JPMorgan moved IREN two notches to overweight and lifted its target to $65 from $46, hours after co-CEO Daniel Roberts posted a long rebuttal to the calls for an AI slowdown. Every comparable name we checked fell on Monday. IREN did not.
Anthropic is reportedly leasing an Nscale data center in West Virginia for $45 billion
Financial news wires report Anthropic will lease an Nscale data center in West Virginia for $45 billion, taking 460 megawatts, as Nscale is expected to spend about $71 billion to develop the site. Here is what is confirmed and who benefits.
Frequently asked questions
When does WULF report earnings?
Terawulf Inc. (WULF) is scheduled to report quarterly results on November 6, 2026, before the open. The 3-analyst consensus is -$0.36 per share on revenue of $64.9M for the quarter ended September 30, 2026, against -$0.04 and $50.6M a year earlier. It has beaten the consensus EPS estimate in 1 of the last four quarters.
What do analysts expect for WULF?
24 analysts cover Terawulf Inc. (WULF). The consensus rating is Strong buy. The average price target is $32.67, in a range of $15.00 to $65.00.
Are insiders buying or selling WULF?
We track Form 4 filings for Terawulf Inc. (WULF). The activity listed on this page shows 5 open-market purchases and 5 qualifying sales. Each row is labelled Routine when the filer declared a pre-arranged 10b5-1 plan, Tax withholding when shares were sold automatically to cover the tax on a vest, or Own call when neither applies.
Where can I see WULF SEC filings?
Recent filings are listed on this page, newest first. The latest is a SCHEDULE 13G/A filed October 19, 2026.