TeraWulf Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BMV:WULF * Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
07 Jun 24	SellMex$4,157,720	Kenneth Deane	Individual		69,996	Mex$59.40

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of WULF *?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	50,773,743	13.2%
Individual Insiders	56,207,100	14.6%
General Public	106,919,840	27.7%
Institutions	172,006,998	44.6%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 62%.

Top Shareholders

Top 25 shareholders own 55.62% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.53%	Nazar Khan	25,217,499	Mex$3.4b	0.36%	no data
6.07%	The Vanguard Group, Inc.	23,411,315	Mex$3.1b	19.9%	no data
5.32%	BlackRock, Inc.	20,524,016	Mex$2.7b	12.8%	no data
5.18%	Heorot Power Holdings LLC	20,005,000	Mex$2.7b	400,000%	no data
5.14%	Baystreet Capital Corp	19,826,021	Mex$2.6b	0%	no data
4.63%	Lauren O’Rourke	17,860,622	Mex$2.4b	0%	no data
3.19%	Driehaus Capital Management LLC	12,320,414	Mex$1.6b	451%	0.48%
2.44%	Opportunity Four Of Parabolic Ventures Holdings Llc	9,399,020	Mex$1.3b	0%	no data
1.86%	Geode Capital Management, LLC	7,183,123	Mex$956.5m	12.9%	no data
1.63%	State Street Global Advisors, Inc.	6,283,196	Mex$836.6m	3.75%	no data
1.4%	Paloma Partners Management Company	5,384,236	Mex$716.9m	418%	2.06%
1.23%	Paul Prager	4,747,589	Mex$632.2m	-29.6%	no data
1.14%	Dimensional Fund Advisors LP	4,413,586	Mex$587.7m	977%	no data
1.08%	Moore Capital Management, LP	4,172,517	Mex$555.6m	-9.41%	0.84%
1%	Kerri Langlais	3,877,860	Mex$516.4m	13%	no data
0.92%	Mirae Asset Global Investments Co., Ltd.	3,552,989	Mex$473.1m	17.7%	0.02%
0.87%	Group One Trading LP, Asset Management Arm	3,375,790	Mex$449.5m	76.3%	0.82%
0.83%	Millennium Management LLC	3,217,021	Mex$428.4m	-19.5%	0.02%
0.83%	Two Sigma Investments, LP	3,210,934	Mex$427.6m	-54.9%	0.05%
0.79%	Lone Pine Capital LLC	3,067,796	Mex$408.5m	0%	0.12%
0.76%	Duquesne Family Office LLC	2,944,451	Mex$392.1m	40.9%	0.62%
0.72%	Patrick Fleury	2,796,603	Mex$372.4m	27.7%	no data
0.71%	Morgan Stanley, Investment Banking and Brokerage Investments	2,744,845	Mex$365.5m	5.46%	no data
0.71%	Van Eck Associates Corporation	2,735,448	Mex$364.2m	-16.3%	0.02%
0.61%	Charles Schwab Investment Management, Inc.	2,363,951	Mex$314.8m	258%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 18:12
End of Day Share Price	2024/12/05 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 world class team 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 .

Analyst Sources

TeraWulf Inc. is covered by 11 analysts. 8 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
Lucas Pipes	B. Riley Securities, Inc.
Joshua Siegler	Cantor Fitzgerald & Co.
Brett Knoblauch	Cantor Fitzgerald & Co.