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)	107.49 mm	n/a	21.07 mm	9.87 mm	28.06 mm	n/a
Cash remaining	-83.56 mm	n/a	2.87 mm	14.06 mm	-4.12 mm	n/a
Runway (months of cash)	-3.1	n/a	0.5	5.7	-0.6	n/a

Beta Read what these cash burn values mean

Financial data from TeraWulf earnings reports.

Institutional ownership, Q3 2024

WULF institutional ownership history Ownership history

72.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	232	212	+9.4%
Opened positions	61	91	-33.0%
Closed positions	41	14	+192.9%
Increased positions	76	65	+16.9%
Reduced positions	53	26	+103.8%

13F shares	Current	Prev Q	Change
Total value	735.21 bn	725.41 bn	+1.4%
Total shares	281.43 mm	286.44 mm	-1.8%
Total puts	9.22 mm	2.28 mm	+305.2%
Total calls	16.78 mm	13.88 mm	+20.9%
Total put/call ratio	0.5	0.2	+235.0%

Largest owners	Shares	Value	Change
Vanguard	23.41 mm	$109.56 bn	+19.9%
Stammtisch Investments	20.57 mm	$28.59 mm	0.0%
Paul B. Prager	20.57 mm	$0.00	0.0%
BlackRock	20.52 mm	$96.05 bn	NEW
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	12.32 mm	$57.66 bn	+451.1%
Opportunity Four of Parabolic Ventures	9.40 mm	$10.90 mm	0.0%
Geode Capital Management	7.18 mm	$33.62 bn	+12.9%

Largest transactions	Shares	Bought/sold	Change
BlackRock	20.52 mm	+20.52 mm	NEW
BLK BlackRock	0.00	-18.20 mm	EXIT
Driehaus Capital Management	12.32 mm	+10.08 mm	+451.1%
Deutsche Bank AG - Registered Shares	764.20 k	-5.23 mm	-87.2%
Beryl Capital Management	1.66 mm	-5.01 mm	-75.1%
Sona Asset Management	4.80 mm	+4.80 mm	NEW
Point72 Asset Management	341.90 k	-4.70 mm	-93.2%
Hood River Capital Management	0.00	-4.61 mm	EXIT
Nishkama Capital	1.25 mm	-4.40 mm	-77.9%
Dimensional Fund Advisors	4.41 mm	+4.00 mm	+977.0%

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	#Shares	#Remaining
28 Jan 25	Paul B. Prager	Common stock, $0.001 par value per share	Other	Dispose J	Yes	No	500,000	1,098,883
9 Jan 25	Kerri M. Langlais	Common stock, $0.001 par value per share	Sale back to company	Dispose D	No	No	77,420	3,536,476
9 Jan 25	Kerri M. Langlais	Common stock, $0.001 par value per share	Grant	Acquire A	No	No	140,000	3,613,896
9 Jan 25	Kerri M. Langlais	RSU Common stock, $0.001 par value per share	Option exercise	Dispose M	No	No	140,000	0
9 Jan 25	Kenneth J Deane	Common stock, $0.001 par value per share	Sale back to company	Dispose D	No	No	15,621	524,151
9 Jan 25	Kenneth J Deane	Common stock, $0.001 par value per share	Grant	Acquire A	No	No	54,000	539,772
9 Jan 25	Kenneth J Deane	RSU Common stock, $0.001 par value per share	Option exercise	Dispose M	No	No	54,000	0
9 Jan 25	Paul B. Prager	Common stock, $0.001 par value per share	Sale back to company	Dispose D	No	No	276,500	1,609,200
9 Jan 25	Paul B. Prager	Common stock, $0.001 par value per share	Grant	Acquire A	No	No	500,000	1,885,700
9 Jan 25	Paul B. Prager	RSU Common stock, $0.001 par value per share	Option exercise	Dispose M	No	No	500,000	0