TeraWulf Inc. $WULF Shares Sold by BIT Capital GmbH

BIT Capital GmbH cut its position in TeraWulf Inc. (NASDAQ:WULF) by 22.4% during the third quarter, Holdings Channel reports. The firm owned 737,163 shares of the company’s stock after selling 212,991 shares during the period. BIT Capital GmbH’s holdings in TeraWulf were worth $8,418,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in TeraWulf by 2.8% in the third quarter. Vanguard Group Inc. now owns 24,480,051 shares of the company’s stock valued at $279,562,000 after buying an additional 674,474 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after acquiring an additional 2,617,617 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of TeraWulf by 13.8% in the second quarter. Hodges Capital Management Inc. now owns 4,062,480 shares of the company’s stock worth $17,794,000 after acquiring an additional 493,001 shares during the period. Tidal Investments LLC raised its holdings in shares of TeraWulf by 6.0% during the second quarter. Tidal Investments LLC now owns 2,673,105 shares of the company’s stock worth $11,708,000 after purchasing an additional 150,346 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TeraWulf by 64.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company’s stock valued at $11,590,000 after purchasing an additional 1,033,073 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Price Performance

TeraWulf stock opened at $15.47 on Friday. The stock has a market capitalization of $6.48 billion, a P/E ratio of -10.89 and a beta of 3.69. The company’s fifty day moving average price is $13.65 and its 200 day moving average price is $12.35. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.69.

Wall Street Analysts Forecast Growth

WULF has been the subject of a number of recent research reports. Citizens Jmp set a $22.00 price objective on TeraWulf in a research note on Wednesday, October 29th. Oppenheimer assumed coverage on TeraWulf in a report on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price target for the company. Northland Securities set a $23.25 price objective on shares of TeraWulf in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods raised shares of TeraWulf from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $9.50 to $24.00 in a report on Wednesday, December 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $24.00 price target on shares of TeraWulf in a research report on Tuesday, November 11th. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, TeraWulf presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.31.

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.