TeraWulf Management
Management criteria checks 3/4
TeraWulf's CEO is Paul Prager, appointed in Feb 2021, has a tenure of 4.75 years. total yearly compensation is $6.91M, comprised of 13.9% salary and 86.1% bonuses, including company stock and options. directly owns 1.41% of the company’s shares, worth $66.70M. The average tenure of the management team and the board of directors is 2.3 years and 4 years respectively.
Key information
Paul Prager
Chief executive officer
US$6.9m
Total compensation
| CEO salary percentage | 13.89% |
| CEO tenure | 4.8yrs |
| CEO ownership | 1.4% |
| Management average tenure | 2.3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
After Leaping 30% TeraWulf Inc. (NASDAQ:WULF) Shares Are Not Flying Under The Radar
Nov 03
TeraWulf: Bitcoin Miner To HPC Powerhouse - Dip-Buying Opportunity Ahead
Oct 13TeraWulf Inc. (NASDAQ:WULF) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Sep 19Would TeraWulf (NASDAQ:WULF) Be Better Off With Less Debt?
Sep 09Why Investors Shouldn't Be Surprised By TeraWulf Inc.'s (NASDAQ:WULF) 46% Share Price Surge
Jul 24TeraWulf Inc. (NASDAQ:WULF) Analysts Just Cut Their EPS Forecasts Substantially
May 14TeraWulf Inc. (NASDAQ:WULF) Just Reported And Analysts Have Been Cutting Their Estimates
May 13
S21 Pro Miners And HPC Hosting Will Expand Capacity
Strategic expansion and infrastructure upgrades aim to improve Bitcoin mining efficiency and boost high-margin HPC hosting revenue.TeraWulf Inc.'s (NASDAQ:WULF) Stock Retreats 30% But Revenues Haven't Escaped The Attention Of Investors
Apr 16TeraWulf (NASDAQ:WULF) Is Making Moderate Use Of Debt
Mar 27Time To Worry? Analysts Just Downgraded Their TeraWulf Inc. (NASDAQ:WULF) Outlook
Mar 06With A 37% Price Drop For TeraWulf Inc. (NASDAQ:WULF) You'll Still Get What You Pay For
Feb 25With A 25% Price Drop For TeraWulf Inc. (NASDAQ:WULF) You'll Still Get What You Pay For
Jan 11TeraWulf Inc. (NASDAQ:WULF) Stocks Shoot Up 37% But Its P/S Still Looks Reasonable
Nov 17US$9.19 - That's What Analysts Think TeraWulf Inc. (NASDAQ:WULF) Is Worth After These Results
Nov 15TeraWulf Inc. (NASDAQ:WULF) Released Earnings Last Week And Analysts Lifted Their Price Target To US$6.57
Aug 16TeraWulf Inc. (NASDAQ:WULF) Stocks Pounded By 30% But Not Lagging Industry On Growth Or Pricing
Aug 03TeraWulf (NASDAQ:WULF) Is Making Moderate Use Of Debt
Jul 12Market Participants Recognise TeraWulf Inc.'s (NASDAQ:WULF) Revenues Pushing Shares 85% Higher
Jun 15TeraWulf: Breakout Is Likely To Continue
Jun 12Investors Appear Satisfied With TeraWulf Inc.'s (NASDAQ:WULF) Prospects
Mar 21Here's Why TeraWulf (NASDAQ:WULF) Can Afford Some Debt
Feb 14TeraWulf: The Competition Just Got More Intense
Jan 12Analysts Just Made A Sizeable Upgrade To Their TeraWulf Inc. (NASDAQ:WULF) Forecasts
Jan 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$51m |
Compensation vs Market: Paul's total compensation ($USD6.91M) is about average for companies of similar size in the US market ($USD6.97M).
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 | 4.8yrs | US$6.91m | 1.41% $ 66.7m | |
| Co-Founder | 4.8yrs | US$6.13m | 6.26% $ 295.9m | |
| Chief Financial Officer | 3.5yrs | US$9.68m | 0.96% $ 45.2m | |
| Chief Strategy Officer & Executive Director | 4.8yrs | US$9.60m | 1.07% $ 50.6m | |
| Chief Operating Officer | 1yr | no data | no data | |
| Chief Accounting Officer | less than a year | no data | 0.0058% $ 273.7k | |
| Chief Information Officer | less than a year | no data | no data | |
| Senior VP & Director of Investor Relations | 1.1yrs | 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: WULF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 4.8yrs | US$6.91m | 1.41% $ 66.7m | |
| Co-Founder | 4.8yrs | US$6.13m | 6.26% $ 295.9m | |
| Chief Strategy Officer & Executive Director | 3.7yrs | US$9.60m | 1.07% $ 50.6m | |
| Director of IKONICS | no data | US$28.00k | no data | |
| Director of IKONICS | no data | US$62.74k | no data | |
| Director | 4yrs | US$150.00k | 0.060% $ 2.8m | |
| Director of IKONICS | no data | US$57.82k | no data | |
| Independent Director | 1.8yrs | US$187.61k | 0.0097% $ 460.4k | |
| Independent Director | 4yrs | US$175.00k | 0.071% $ 3.4m | |
| Independent Director | 4yrs | US$150.00k | 0.037% $ 1.7m | |
| Lead Independent Director | 4yrs | US$225.00k | 0.079% $ 3.7m | |
| Independent Director | 3.7yrs | US$150.00k | 0.054% $ 2.6m |
Experienced Board: WULF's board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/23 01:56 |
| End of Day Share Price | 2025/11/21 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 17 analysts. 12 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 |
|---|---|
| Martin Toner | ATB Capital Markets |
| Nicholas Giles | B. Riley Securities, Inc. |
| Brett Knoblauch | Cantor Fitzgerald & Co. |