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1 insider bought €164k of shares over the last 90 days, the latest filed 16 Sept 2026.
Terawulf Inc.: what insiders have been doing
Every trade that managers of Terawulf Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Energy sector. 14 insiders have disclosed 64 filings since 18 October 2025.
The record shows 8 purchases on the open market worth €277k, made by 1 insider, against 10 sales worth €18.4M by 5 insiders. The totals do not cover 1 filing with an undisclosed amount. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The largest single trade was a sale of €8.1M by Fleury Patrick, published on 19 March 2026. On the buying side, the filings list 1 senior executive among the declarants.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 64 filings here. The full history, which starts in 2021, counts 20 purchases against 14 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 168.5 m USD and net income of -661.4 m USD.
The last insider purchase was made public on 16 September 2026, 32 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
Other companies in the same sector with recent insider buying flagged by our signals: AXIA Energia S.A. and RGC Resources Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
312
Thresholds
n/a
Buy Volume
€9M
20 ops. · all time
Sell Volume
€19M
14 ops. · all time
Who traded when
BuySaleMichael C. Bucella9 buys
Prager Paul B.6 sales
Catherine J. Motz3 sales
Amanda Fabiano1 sale
Nazar M. Khan1 sale
Patrick Fleury1 sale
+1 other insider
Since the insiders bought
- -25.2%Entry US$15.62 · Close 16 Oct 2026 US$11.68
- +58.5%Entry US$1.35 · Close at T+365 US$2.14
- -9.7%Entry US$1.13 · Close at T+365 US$1.02
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Terawulf Inc. Strong Buy (bullish), based on 25 analysts. Average price target: US$32.80.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$11.68
Analyst consensus
25 analystsStrong buy
US$15.00Target US$32.80(+181%)US$65.00
Income statement
RevenueUS$168.5M
Gross profitUS$85.8M51% margin
EBITDA-US$483.9M-287% margin
Net income-US$661.4M-392.6% margin
Valuation
PER (forward)-17.5x
P/Book39.6x
Beta4.25
Balance sheet & cash
Market capUS$5.8B
Total debtUS$5.2B
Free Cash Flow-US$1.2B
Debt / Equity3550%
Profitability & ownership
ROE-1211.8%
ROA-4.8%
% insiders23.0%
% institutions91.1%
Last declaration on 2 October 2026
Declarations312 total
2,112 sharesCommon stock, $0.001 par value per shareSEC:0001628280-26-064724:0
1,690 sharesCommon stock, $0.001 par value per shareSEC:0001628280-26-064725:0
1,690 sharesCommon stock, $0.001 par value per shareSEC:0001628280-26-064717:0
666,667 sharesCommon stock, $0.001 par value per shareSEC:0001628280-26-063883:0
3,000,000 shares@ US$17.450.64% mcap75.2% of flowCommonSEC144:0001970673-26-000002
6,085 shares@ US$14.7850.0011% mcap26.3% of flowCommon stock, $0.001 par value per shareSEC:0001628280-26-062352:0
Canonical exit: 14 Dec 2026 (T+90)
56,023 shares@ US$17.81310.012% mcap37.6% of flowCommon stock, $0.001 par value per shareSEC:0001628280-26-061206:0
56,023 shares@ US$17.780.012% mcap37.5% of flowCommon StockSEC144:0001959173-26-006789
130,626 shares@ US$15.1410.024% mcap100.0% of flowCommon stock, $0.001 par value per shareSEC:0001628280-26-059897:0
137,500 shares@ US$17.05930.028% mcap3.3% of flowCommon stock, $0.001 par value per shareSEC:0001083301-26-000172:0
6,666 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000169:0
3,023 shares@ US$16.5350.0006% mcap14.6% of flowCommon stock, $0.001 par value per shareSEC:0001083301-26-000170:0
Canonical exit: 12 Nov 2026 (T+90)
2,860 shares@ US$17.470.0006% mcap14.6% of flowCommon stock, $0.001 par value per shareSEC:0001083301-26-000170:1
Canonical exit: 15 Nov 2026 (T+90)
500,000 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000153:0
500,000 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000154:0
276,500 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000154:1
1,013 sharesCommon stock, $0.001 par value per shareSEC:0000950142-26-001958:0
1,266 sharesCommon stock, $0.001 par value per shareSEC:0000950142-26-001959:0
275,000 shares@ US$25.830.087% mcap100.0% of flowCOMMONSEC144:0001950047-26-006618
56,023 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000144:0
56,023 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000145:0
56,023 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000146:0
56,023 sharesCommon stock, $0.001 par value per shareSEC:0001083301-26-000147:0
80,591 shares@ US$20.51290.021% mcap2.3% of flowCommon stock, $0.001 par value per shareSEC:0001083301-26-000079:0
56,909 shares@ US$21.19760.015% mcap1.7% of flowCommon stock, $0.001 par value per shareSEC:0001083301-26-000079:1
25 of 312 declarations
About Terawulf Inc.
TeraWulf Inc. (ticker: WULF) is a U.S.-listed company traded on NASDAQ in the United States, positioned at the intersection of digital infrastructure, bitcoin mining, and HPC/AI workloads. For investors, it should be viewed less as a traditional crypto pure-play and more as an energy-driven infrastructure platform with optionality across bitcoin mining and high-performance computing. The company describes itself as an owner, developer, and operator of energy-advantaged digital infrastructure purpose-built for high-performance computing (HPC) and artificial intelligence (AI), while retaining a meaningful bitcoin mining footprint. ([nasdaq.com](https://www.nasdaq.com/press-release/terawulf-reports-fourth-quarter-and-full-year-2025-results-2026-02-26?utm_source=openai))
TeraWulf was founded in 2021 and is headquartered in Easton, Maryland. Its public-market history is relatively recent and tied to a business combination completed in 2021, which brought the company to the NASDAQ market under the WULF ticker. That origin matters for investors because it explains the company’s growth-stage profile, its capital intensity, and its ongoing need to scale infrastructure before generating a more mature earnings base. ([stockanalysis.com](https://stockanalysis.com/stocks/wulf/?utm_source=openai))
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Operationally, the company runs a dual-track strategy. One leg is bitcoin mining and related power infrastructure; the other is the development of data center campuses designed to serve HPC and AI customers. Management emphasizes a sustainability-first operating model and an energy-infrastructure skill set aimed at building modular, efficient, future-proof facilities. Geographically, the platform is centered in the United States, with legacy operating sites in New York and Pennsylvania and recent expansion activity in Kentucky and Maryland. ([terawulf.com](https://www.terawulf.com/our-commitment/?utm_source=openai))
From a competitive standpoint, TeraWulf’s differentiation lies in access to relatively advantaged power, industrial-scale sites, and the ability to repurpose infrastructure between bitcoin mining and AI/HPC use cases. That hybrid model is strategically relevant in a market where investors increasingly value power availability, execution speed, and the ability to monetize data-center capacity across multiple demand segments. Recent disclosures suggest the company is pushing hard on platform expansion, including strategic acquisitions of brownfield sites in Hawesville, Kentucky, and Charles County, Maryland, as well as long-term HPC colocation agreements with Fluidstack. ([investors.terawulf.com](https://investors.terawulf.com/news-events/press-releases/detail/129/terawulf-expands-digital-and-power-infrastructure-portfolio?utm_source=openai))
Recent highlights underscore both momentum and capital needs. TeraWulf reported fourth-quarter and full-year 2025 results in late February 2026, released preliminary first-quarter 2026 financial results in April 2026, and closed a large common-stock offering the same month to help fund construction at its planned Hawesville campus and repay bridge financing. For equity holders, this reinforces the company’s rapid growth profile, but also its dependence on external capital markets to finance expansion. ([nasdaq.com](https://www.nasdaq.com/press-release/terawulf-reports-fourth-quarter-and-full-year-2025-results-2026-02-26?utm_source=openai))
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