TeraWulf (WULF)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	23.94 mm	23.94 mm	23.94 mm	23.94 mm	23.94 mm	23.94 mm
Cash burn (monthly)	26.72 mm	(no burn)	5.24 mm	2.45 mm	6.98 mm	(no burn)
Cash used (since last report)	135.79 mm	n/a	26.61 mm	12.47 mm	35.44 mm	n/a
Cash remaining	-111.85 mm	n/a	-2.67 mm	11.46 mm	-11.50 mm	n/a
Runway (months of cash)	-4.2	n/a	-0.5	4.7	-1.6	n/a

Beta Read what these cash burn values mean

Financial data from TeraWulf earnings reports.

Institutional ownership, Q4 2024

WULF institutional ownership history Ownership history

78.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	272	233	+16.7%
Opened positions	82	61	+34.4%
Closed positions	43	40	+7.5%
Increased positions	101	76	+32.9%
Reduced positions	54	53	+1.9%

13F shares	Current	Prev Q	Change
Total value	1.01 tn	735.21 bn	+36.8%
Total shares	303.62 mm	281.43 mm	+7.9%
Total puts	8.78 mm	9.22 mm	-4.8%
Total calls	40.45 mm	16.78 mm	+141.0%
Total put/call ratio	0.2	0.5	-60.5%

Largest owners	Shares	Value	Change
BlackRock	24.06 mm	$136.20 bn	+17.2%
Vanguard	23.35 mm	$132.14 bn	-0.3%
Stammtisch Investments	21.10 mm	$99.80 mm	+2.6%
Paul B. Prager	20.57 mm	$0.00	0.0%
Bayshore Capital	19.83 mm	$44.41 mm	0.0%
Revolve Capital	19.75 mm	$0.00	0.0%
Bryan J. Pascual	19.67 mm	$12.68 mm	0.0%
Driehaus Capital Management	12.73 mm	$72.07 bn	+3.4%
Opportunity Four of Parabolic Ventures	9.40 mm	$10.90 mm	0.0%
Geode Capital Management	7.64 mm	$43.23 bn	+6.3%

Largest transactions	Shares	Bought/sold	Change
Senator Investment	4.31 mm	+4.31 mm	NEW
Sona Asset Management	500.00 k	-4.30 mm	-89.6%
BIT Capital GmbH	3.98 mm	+3.98 mm	NEW
NMR Nomura	3.86 mm	+3.74 mm	+3187.1%
BlackRock	24.06 mm	+3.54 mm	+17.2%
Science & Technology Partners	3.29 mm	+3.29 mm	NEW
MS Morgan Stanley	6.06 mm	+3.26 mm	+116.1%
Two Sigma Investments	541.43 k	-2.67 mm	-83.1%
Point72 Asset Management	2.89 mm	+2.55 mm	+746.3%
Balyasny Asset Management	16.84 k	-2.19 mm	-99.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WULF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Feb 25	Paul B. Prager	Common stock, $0.001 par value per share	Other	Dispose J	Yes	No	0	298,000	0.00	800,883
28 Jan 25	Paul B. Prager	Common stock, $0.001 par value per share	Other	Dispose J	Yes	No	0	500,000	0.00	1,098,883
27 Jan 25	Michael C. Bucella	Common stock, $0.001 par value per share	Buy	Acquire P	No	No	4.17	4,796	20.00 k	205,632
9 Jan 25	Kerri M. Langlais	Common stock, $0.001 par value per share	Sale back to company	Dispose D	No	No	0	77,420	0.00	3,536,476
9 Jan 25	Kerri M. Langlais	Common stock, $0.001 par value per share	Grant	Acquire A	No	No	0	140,000	0.00	3,613,896
9 Jan 25	Kerri M. Langlais	RSU Common stock, $0.001 par value per share	Option exercise	Dispose M	No	No	0	140,000	0.00	0
9 Jan 25	Kenneth J Deane	Common stock, $0.001 par value per share	Sale back to company	Dispose D	No	No	0	15,621	0.00	524,151
9 Jan 25	Kenneth J Deane	Common stock, $0.001 par value per share	Grant	Acquire A	No	No	0	54,000	0.00	539,772
9 Jan 25	Kenneth J Deane	RSU Common stock, $0.001 par value per share	Option exercise	Dispose M	No	No	0	54,000	0.00	0