TeraWulf (NASDAQ:WULF) Trading Down 11.1% – Here’s Why

Posted by Brian Himes on Aug 18th, 2026

Shares of TeraWulf Inc. (NASDAQ:WULF – Get Free Report) traded down 11.1% during trading on Tuesday . The stock traded as low as $15.76 and last traded at $15.6550. 22,413,111 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 31,616,912 shares. The stock had previously closed at $17.60.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WULF shares. Zacks Research upgraded shares of TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Jefferies Financial Group initiated coverage on TeraWulf in a research note on Thursday, May 14th. They issued a “buy” rating and a $28.00 price target on the stock. Chardan Capital reaffirmed a “buy” rating and issued a $32.00 target price on shares of TeraWulf in a research report on Wednesday, August 5th. Sanford C. Bernstein initiated coverage on shares of TeraWulf in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on shares of TeraWulf from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.21.

Read Our Latest Analysis on TeraWulf

TeraWulf Price Performance

The company has a market cap of $7.82 billion, a price-to-earnings ratio of -3.58 and a beta of 3.76. The company’s 50-day simple moving average is $21.49 and its 200-day simple moving average is $19.62. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75.

TeraWulf (NASDAQ:WULF – Get Free Report) last released its quarterly 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 analyst estimates of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. TeraWulf’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, equities research analysts anticipate that TeraWulf Inc. will post -0.94 EPS for the current year.

Insider Transactions at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 3,945,052 shares of the company’s stock, valued at $104,938,383.20. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 2,860 shares of the business’s stock in a transaction on Monday, August 17th. The shares were purchased at an average price of $17.47 per share, for a total transaction of $49,964.20. Following the purchase, the director directly owned 344,704 shares of the company’s stock, valued at $6,021,978.88. This represents a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in TeraWulf by 25.2% in the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after acquiring an additional 681 shares during the last quarter. CoreCap Advisors LLC boosted its position in TeraWulf by 106.7% during the 2nd 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. R Squared Ltd grew its stake in TeraWulf by 5.0% during the 4th quarter. R Squared Ltd now owns 22,207 shares of the company’s stock worth $255,000 after buying an additional 1,056 shares during the last quarter. Franklin Resources Inc. increased its position in TeraWulf by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after buying an additional 1,259 shares during the period. Finally, IFP Advisors Inc lifted its stake in TeraWulf by 14.5% in the fourth quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock valued at $142,000 after buying an additional 1,563 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

TeraWulf Company Profile

(Get Free Report)

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.