TeraWulf Management
Management criteria checks 2/4
TeraWulf's CEO is Paul Prager, appointed in Feb 2021, has a tenure of 5.58 years. total yearly compensation is $39.41M, comprised of 2.5% salary and 97.5% bonuses, including company stock and options. directly owns 1.36% of the company’s shares, worth €100.47M. The average tenure of the management team and the board of directors is 3.1 years and 4.8 years respectively.
Key information
Paul Prager
Chief executive officer
US$39.4m
Total compensation
| CEO salary percentage | 2.54% |
| CEO tenure | 5.6yrs |
| CEO ownership | 1.4% |
| Management average tenure | 3.1yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$2b |
| Mar 31 2026 | n/a | n/a | -US$1b |
| Dec 31 2025 | US$39m | US$1m | -US$661m |
| Sep 30 2025 | n/a | n/a | -US$564m |
| Jun 30 2025 | n/a | n/a | -US$132m |
| Mar 31 2025 | n/a | n/a | -US$124m |
| Dec 31 2024 | US$7m | US$960k | -US$72m |
| Sep 30 2024 | n/a | n/a | -US$53m |
| Jun 30 2024 | n/a | n/a | -US$49m |
| Mar 31 2024 | n/a | n/a | -US$56m |
| Dec 31 2023 | US$2m | US$951k | -US$73m |
| Sep 30 2023 | n/a | n/a | -US$88m |
| Jun 30 2023 | n/a | n/a | -US$102m |
| Mar 31 2023 | n/a | n/a | -US$98m |
| Dec 31 2022 | US$758k | US$741k | -US$86m |
| Sep 30 2022 | n/a | n/a | -US$100m |
| Jun 30 2022 | n/a | n/a | -US$73m |
| Mar 31 2022 | n/a | n/a | -US$64m |
| Dec 31 2021 | US$674k | US$612k | -US$51m |
Compensation vs Market: Paul's total compensation ($USD39.41M) is above average for companies of similar size in the German market ($USD2.72M).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
CEO
Paul Prager (66 yo)
Mr. Paul B. Prager serves as Chairman and Chief Executive Officer at Terawulf Inc. since February 2021 and also serves as its Co-Founder. A graduate of the U.S. Naval Academy, Mr. Prager has extensive inve...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 5.6yrs | US$39.41m | 1.36% € 100.5m | |
| Co-Founder | 5.6yrs | US$30.06m | 5.51% € 405.6m | |
| Chief Financial Officer | 4.3yrs | US$20.13m | 0.90% € 66.5m | |
| Chief Accounting Officer | 1.3yrs | US$1.05m | 0.011% € 820.0k | |
| Chief Strategy Officer & Executive Director | 5.6yrs | US$20.19m | 1.05% € 77.4m | |
| Chief Operating Officer | 1.8yrs | no data | no data | |
| Chief Information Officer | 1.7yrs | no data | no data | |
| Senior VP & Director of Investor Relations | 1.9yrs | no data | no data | |
| General Counsel | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Executive Vice President of IKONICS | no data | US$521.45k | no data | |
| Chief Operating Officer of IKONICS | no data | US$523.02k | no data |
Experienced Management: ZT8's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 5.6yrs | US$39.41m | 1.36% € 100.5m | |
| Co-Founder | 5.6yrs | US$30.06m | 5.51% € 405.6m | |
| Chief Strategy Officer & Executive Director | 4.5yrs | US$20.19m | 1.05% € 77.4m | |
| Director of IKONICS | no data | US$28.00k | no data | |
| Director of IKONICS | no data | US$62.74k | no data | |
| Director | 4.8yrs | US$290.01k | 0.062% € 4.6m | |
| Director of IKONICS | no data | US$57.82k | no data | |
| Independent Director | 2.7yrs | US$290.01k | 0.019% € 1.4m | |
| Independent Director | 4.8yrs | US$315.01k | 0.046% € 3.4m | |
| Independent Director | 4.8yrs | US$308.76k | 0.042% € 3.1m | |
| Lead Independent Director | 4.8yrs | US$365.00k | 0.080% € 5.9m | |
| Independent Director | 4.5yrs | US$290.01k | 0.069% € 5.1m |
Experienced Board: ZT8's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 13:12 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TeraWulf Inc. is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre-Marie D'Ornano | Arete Research Services LLP |
| Martin Toner | ATB Cormark |
| Gautam Chhugani | Bernstein |