TERAWULF INC WULF
COM · Common Stock · CUSIP 88080T104
American bitcoin mining company
- SectorFinancials
- IndustryFinance Services
- HeadquartersEaston, MD
- Founded2021
- Websiteterawulf.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 382.6m as of 2024-08-09, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.45. Options: 21 managers hold calls ($87.3m notional), 11 hold puts ($19.1m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 64 |
| Q4 2022 | 59 |
| Q1 2023 | 73 |
| Q2 2023 | 72 |
| Q3 2023 | 99 |
| Q4 2023 | 111 |
| Q1 2024 | 131 |
| Q2 2024 | 205 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 26 | 22 |
| Q1 2023 | 52 | 14 |
| Q2 2023 | 32 | 37 |
| Q3 2023 | 76 | 21 |
| Q4 2023 | 75 | 34 |
| Q1 2024 | 77 | 43 |
| Q2 2024 | 150 | 41 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.2m | $755.9k | 0.34 |
| Q4 2023 | $6.3m | $3.4m | 0.54 |
| Q1 2024 | $16.6m | $7.2m | 0.43 |
| Q2 2024 | $87.3m | $19.1m | 0.22 |
Biggest buyers
| VANGUARD GROUP INC | Added | +7.8m |
| BlackRock Inc. | Added | +6.7m |
| Beryl Capital Management LLC | New | +6.7m |
| DEUTSCHE BANK AG\ | Added | +5.7m |
| Nishkama Capital, LLC | New | +5.6m |
| Point72 Asset Management, L.P. | New | +5.0m |
| JAT Capital Mgmt LP | New | +5.0m |
| Hood River Capital Management LLC | New | +4.6m |
| MOORE CAPITAL MANAGEMENT, LP | New | +4.6m |
| TWO SIGMA INVESTMENTS, LP | Added | +3.8m |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -3.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -916.0k |
| MARSHALL WACE, LLP | Reduced | -783.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -762.7k |
| JANE STREET GROUP, LLC | Reduced | -653.3k |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -568.3k |
| CITIGROUP INC | Reduced | -117.3k |
| GROUP ONE TRADING LLC | Reduced | -100.9k |
| Cubist Systematic Strategies, LLC | Reduced | -98.4k |
| GSG Advisors LLC | Sold out | -90.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $17.0m3.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.5m3.5m shares |
| Caption Management, LLC | Added | $8.7m2.0m shares |
| GROUP ONE TRADING LLC | Added | $7.9m1.8m shares |
| SIMPLEX TRADING, LLC | Added | $5.3m1.2m shares |
| JANE STREET GROUP, LLC | Added | $4.1m930.0k shares |
| IMC-Chicago, LLC | Added | $4.0m907.1k shares |
| Quarry LP | New | $4.0m900.0k shares |
| Walleye Capital LLC | New | $3.8m850.0k shares |
| WOLVERINE TRADING, LLC | Added | $3.2m720.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.1m694.9k shares |
| IMC-Chicago, LLC | Added | $3.0m683.5k shares |
| CITADEL ADVISORS LLC | Added | $2.9m649.6k shares |
| JANE STREET GROUP, LLC | Added | $2.5m557.6k shares |
| WOLVERINE TRADING, LLC | Added | $2.2m490.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.9m425.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m345.8k shares |
| Parallax Volatility Advisers, L.P. | Added | $1.1m240.4k shares |
| Caption Management, LLC | Added | $556.2k125.0k shares |
| Squarepoint Ops LLC | New | $333.8k75.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Prager Paul B.
13D · may seek influence
filed 2025-08-18
Stated purposeNo material change. Full filing |
10.7% |
| Google LLC 13G · passive investor new · filed 2026-09-25 | 7.6% |
Stammtisch Investments LLC
13D · may seek influence
filed 2024-12-31
Stated purposeNo material change. Full filing |
7.0% |
| MORGAN STANLEY 13G · institution new · filed 2026-08-13 | 6.1% |
| Citadel Securities GP LLC 13G · passive investor +2.2 pts · filed 2026-05-27 | 5.9% |
| LONE PINE CAPITAL LLC 13G · passive investor new · filed 2026-04-15 | 5.1% |
Fell to 5% or below in the last year: JANE STREET GROUP, LLC (4.0%, 2026-08-10), VANGUARD PORTFOLIO MANAGEMENT LLC (4.5%, 2026-07-31), BlackRock, Inc. (4.5%, 2026-07-30), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $137.0k | 0 | — | — |
| Q3 2023 | 1 | $95.0k | 0 | — | — |
| Q4 2023 | 0 | — | 1 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $227.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-07 | Deane Kenneth J Chief Acct Officer + Treasurer | Sold | $227.5k70.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 19.5m $86.9m | Added +7.8m |
| BlackRock Inc. 0.00% of their portfolio | 18.2m $81.0m | Added +6.7m |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 7.1m $31.7m | Added +3.8m |
| Beryl Capital Management LLC 8.92% of their portfolio | 6.7m $29.7m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 6.4m $28.3m | Added +1.7m |
| STATE STREET CORP 0.00% of their portfolio | 6.1m $26.9m | Added +3.2m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 6.0m $26.7m | Added +5.7m |
| Nishkama Capital, LLC 3.76% of their portfolio | 5.6m $25.1m | New |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 5.0m $22.4m | New |
| JAT Capital Mgmt LP 3.50% of their portfolio | 5.0m $22.4m | New |
| Hood River Capital Management LLC 0.43% of their portfolio | 4.6m $20.5m | New |
| MOORE CAPITAL MANAGEMENT, LP 0.45% of their portfolio | 4.6m $20.5m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 4.0m $17.8m | Reduced -762.7k |
| Invesco Ltd. 0.00% of their portfolio | 3.6m $16.1m | Added +3.4m |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 3.3m $14.5m | Reduced -3.5m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 3.0m $13.4m | First filing |
| MORGAN STANLEY 0.00% of their portfolio | 3.0m $13.2m | Added +125.6k |
| Diameter Capital Partners LP 2.89% of their portfolio | 2.8m $12.5m | New |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 2.3m $10.4m | Added +2.1m |
| SOROS CAPITAL MANAGEMENT LLC 5.61% of their portfolio | 2.3m $10.3m | New |
| Driehaus Capital Management LLC 0.10% of their portfolio | 2.2m $9.9m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.2m $9.9m | Added +1.3m |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 2.2m $9.7m | Reduced -653.3k |
| Duquesne Family Office LLC 0.33% of their portfolio | 2.1m $9.3m | New |
| GROUP ONE TRADING LLC 0.27% of their portfolio | 1.9m $8.5m | Reduced -100.9k |
| GM Advisory Group, LLC 0.54% of their portfolio | 1.9m $8.4m | Added +1.2m |
| Vident Advisory, LLC 0.23% of their portfolio | 1.8m $8.2m | Added +1.4m |
| EXCHANGE TRADED CONCEPTS, LLC 0.20% of their portfolio | 1.8m $7.9m | Added +396.5k |
| Walleye Capital LLC 0.08% of their portfolio | 1.8m $7.8m | Added +1.7m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $7.3m | Added +394.0k |
| NORGES BANK 0.00% of their portfolio | 1.6m $7.2m | Not comparable |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.6m $7.0m | New |
| SG Capital Management LLC 0.81% of their portfolio | 1.1m $4.8m | New |
| Paloma Partners Management Co 0.40% of their portfolio | 1.0m $4.6m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 1.0m $4.6m | Reduced -916.0k |
| P SCHOENFELD ASSET MANAGEMENT LP 1.93% of their portfolio | 1.0m $4.5m | New |
| SCOGGIN MANAGEMENT LP 3.39% of their portfolio | 1.0m $5.1m | Added +200.0k |
| AXXCESS WEALTH MANAGEMENT, LLC 0.12% of their portfolio | 1.0m $4.5m | Unchanged |
| Informed Momentum Co LLC 0.72% of their portfolio | 996.3k $4.4m | New |
| Weiss Asset Management LP 0.21% of their portfolio | 970.2k $4.3m | New |
| BIT Capital GmbH 0.37% of their portfolio | 908.0k $4.0m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 844.3k $3.8m | Added +417.4k |
| Metavasi Capital LP 1.90% of their portfolio | 775.0k $3.4m | New |
| Brevan Howard Capital Management LP 0.21% of their portfolio | 727.9k $3.2m | Added +527.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 669.7k $3.0m | Added +23.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 659.9k $2.9m | Added +266.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 621.6k $2.8m | Added +546.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 603.6k $2.7m | Added +227.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 541.6k $2.4m | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.20% of their portfolio | 528.1k $2.4m | New |
| Manatuck Hill Partners, LLC 0.98% of their portfolio | 500.0k $2.2m | New |
| Two Seas Capital LP 0.36% of their portfolio | 500.0k $2.2m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 472.1k $2.1m | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 457.2k $2.0m | Added +76.7k |
| Swiss National Bank 0.00% of their portfolio | 445.8k $2.0m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 409.8k $1.8m | Reduced -3.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 363.5k $1.6m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 346.4k $1.5m | New |
| SIMPLEX TRADING, LLC 0.05% of their portfolio | 319.0k $1.4m | Added +205.9k |
| Wealth High Governance Capital Ltda 0.33% of their portfolio | 300.0k $1.3m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 299.5k $1.3m | Added +119.9k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 290.3k $1.3m | New |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 280.3k $1.2m | Reduced -98.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 250.7k $1.1m | New |
| Central Asset Investments & Management Holdings (HK) Ltd 0.73% of their portfolio | 246.0k $1.1m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 244.8k $1.1m | Added +161.1k |
| Uniplan Investment Counsel, Inc. 0.10% of their portfolio | 238.4k $1.1m | New |
| IMC-Chicago, LLC 0.03% of their portfolio | 237.4k $1.1m | Reduced -20.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 235.2k $1.0m | Added +205.6k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 234.6k $1.0m | Added +120.0k |
| Scientech Research LLC 0.21% of their portfolio | 233.8k $1.0m | New |
| Legal & General Group Plc 0.00% of their portfolio | 222.5k $989.9k | Added +209.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 221.4k $985.2k | Added +205.9k |
| Concentric Capital Strategies, LP 0.06% of their portfolio | 215.5k $959.2k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 211.0k $938.9k | Added +83.1k |
| Covalis Capital LLP 0.13% of their portfolio | 208.3k $927.1k | New |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 195.0k $867.8k | Added +115.0k |
| SG Americas Securities, LLC 0.01% of their portfolio | 193.3k $860.0k | Added +139.7k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 189.3k $842.5k | Added +157.9k |
| Sargent Investment Group, LLC 0.16% of their portfolio | 180.0k $801.0k | Reduced -20.0k |
| HighTower Advisors, LLC 0.00% of their portfolio | 166.6k $741.0k | Added +16.1k |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 154.7k $688.5k | Added +128.6k |
| GOLDENTREE ASSET MANAGEMENT LP 0.05% of their portfolio | 148.1k $658.8k | Added +1.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 146.9k $653.8k | Added +57.8k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 142.7k $635.0k | New |
| VIMA LLC 1.39% of their portfolio | 141.1k $628.1k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 137.7k $612.7k | Added +82.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 133.1k $592.4k | Added +71.3k |
| UBS Group AG 0.00% of their portfolio | 132.0k $587.5k | Reduced -78.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 128.8k $573.3k | Added +79.8k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 123.8k $551.0k | First filing |
| Harvest Portfolios Group Inc. 0.02% of their portfolio | 121.2k $539.4k | Added +41.1k |
| Requisite Capital Management, LLC 0.12% of their portfolio | 116.0k $516.1k | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 115.5k $513.4k | New |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 112.3k $499.9k | New |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 109.5k $487.4k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 107.8k $479.7k | Added +70.4k |
| Vontobel Holding Ltd. 0.00% of their portfolio | 102.2k $454.6k | Reduced -74.6k |
| SHERBROOKE PARK ADVISERS LLC 0.07% of their portfolio | 92.2k $410.3k | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 88.2k $392.5k | Added +11.8k |