The Manufacturers Life Insurance Company Purchases New Shares in TeraWulf Inc. $WULF

Posted by Brian Himes on Sep 2nd, 2026

The Manufacturers Life Insurance Company purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 143,082 shares of the company’s stock, valued at approximately $3,534,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WULF. GAMMA Investing LLC raised its holdings in shares of TeraWulf by 25.2% in the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock valued at $84,000 after buying an additional 681 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after buying an additional 747 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of TeraWulf by 2.0% during 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 last quarter. IFP Advisors Inc increased its position in TeraWulf by 14.5% in the 4th quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock valued at $142,000 after acquiring an additional 1,563 shares during the period. Finally, Xponance LLC increased its position in TeraWulf by 7.7% in the 4th quarter. Xponance LLC now owns 23,928 shares of the company’s stock valued at $275,000 after acquiring an additional 1,713 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Performance

NASDAQ:WULF opened at $14.65 on Wednesday. The firm’s fifty day simple moving average is $18.96 and its 200-day simple moving average is $19.70. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock has a market cap of $7.31 billion, a PE ratio of -3.35 and a beta of 3.71. TeraWulf Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $29.84.

TeraWulf (NASDAQ:WULF – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The company had revenue of $44.77 million during 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%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. Analysts expect that TeraWulf Inc. will post -0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on WULF. Jefferies Financial Group started coverage on TeraWulf in a research report on Thursday, May 14th. They set a “buy” rating and a $28.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $37.00 target price on shares of TeraWulf in a report on Wednesday, July 15th. Morgan Stanley cut their price target on TeraWulf from $72.00 to $62.50 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Citigroup began coverage on shares of TeraWulf in a research report on Monday, June 29th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, William Blair started coverage on shares of TeraWulf in a research note on Friday. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.21.

Check Out Our Latest Report on WULF

Insider Buying and Selling at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the completion of the sale, the chief executive officer directly owned 3,807,552 shares in the company, valued at approximately $64,956,837.12. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter E. Carter sold 130,626 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.14, for a total value of $1,977,677.64. Following the sale, the director directly owned 229,090 shares in the company, valued at $3,468,422.60. This trade represents a 36.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 405,626 shares of company stock valued at $7,980,928. Corporate insiders own 15.90% of the company’s stock.

About TeraWulf

(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.