TeraWulf Inc. $WULF Stock Holdings Lifted by Bank of America Corp DE

Bank of America Corp DE grew its position in TeraWulf Inc. (NASDAQ:WULF) by 9.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,777,458 shares of the company’s stock after acquiring an additional 488,184 shares during the quarter. Bank of America Corp DE’s holdings in TeraWulf were worth $83,369,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have commented on WULF shares. 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 research report on Wednesday, July 8th. Lucid Cap Mkts upgraded shares of TeraWulf to a “strong-buy” rating in a report on Wednesday, May 27th. Roth Capital restated a “buy” rating and set a $32.00 price target on shares of TeraWulf in a report on Friday, April 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TeraWulf in a research note on Wednesday, June 24th. Finally, Jefferies Financial Group assumed coverage on shares of TeraWulf in a report on Thursday, May 14th. They issued a “buy” rating and a $28.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.74.

TeraWulf Stock Down 3.0%

Shares of WULF stock opened at $17.08 on Friday. The stock’s 50 day simple moving average is $22.55 and its 200 day simple moving average is $19.45. TeraWulf Inc. has a twelve month low of $4.67 and a twelve month high of $29.84. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current 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 (NASDAQ:WULF) last announced its 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). TeraWulf had a negative return on equity of 512.60% and a negative net margin of 1,179.94%.The company had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. During the same period in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts predict that TeraWulf Inc. will post -1 EPS for the current year.

Insider Buying and Selling at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at approximately $104,938,383.20. This represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company’s stock.

TeraWulf News Summary

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

TeraWulf 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.