WULF

TeraWulf Inc.
NasdaqCMUSDEQUITY Financial Services DELAYED
Last price
15.00
▲ 0.21 (1.43%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
14.82
Prev close
14.79
Day high
15.18
Day low
14.68
Volume
26.14M
Market cap
$7.47B
P/E (TTM)
—
52W range
10.47 – 29.84

Day trading desk

Current session · delayed
Gap from prior close
+0.21%
Prior close 14.79
VWAP
14.97
+0.20% from price
Relative volume
1.61×
Unusually busy
Session range
3.41%
14.68 – 15.18
Position in range
64%
Mid range
ATR (14D)
0.94
6.24% of price
Prior day high
15.96
PDH
Prior day low
14.53
PDL
Bid / ask spread
—
Quote not published
Session volume
50.54M
Avg 31.34M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-0.80% -2.7%
1M
-9.33% -10.5%
3M
-34.43% -38.9%
6M
-9.66% -27.8%
YTD
+30.29% +16.0%
1Y
+25.59% +9.2%
3Y
+1,088.10% +1,005.8%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on WULF open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+9.52M
Net buying
Buy transactions
34
11.02M shares
Sell transactions
8
1.49M shares
Net transactions
+42
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
114.83M
Total on file
Bought 11.02MSold 1.49M

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 29, 26
KHAN NAZAR M.
Chief Technology Officer
— 666.67K — Direct
Sep 15, 26
BUCELLA MICHAEL C
Director
BUY 6.08K $89.97K Direct
Sep 8, 26
MOTZ CATHERINE J.
Director
SELL 56.02K $997.94K Direct
Aug 31, 26
CARTER WALTER E.
Director
SELL 130.63K $1.98M Direct
Aug 27, 26
PRAGER PAUL B.
Chief Executive Officer
SELL 137.50K $2.35M Indirect
Aug 17, 26
BUCELLA MICHAEL C
Director
BUY 5.88K $99.95K Direct
Aug 14, 26
TANIMOTO WILLIAM JOSEPH
Officer
— 6.67K — Direct
Jul 31, 26
FLEURY PATRICK
Chief Financial Officer
— 500.00K — Direct
Jul 31, 26
LANGLAIS KERRI M.
Officer and Director
— 500.00K — Direct
Jun 30, 26
BUCELLA MICHAEL C
Director
STOCK 1.01K $0 Direct
Jun 30, 26
CARTER WALTER E.
Director
STOCK 1.27K $0 Direct
Jun 30, 26
PRAGER LISA A.
Director
STOCK 1.01K $0 Direct
Jun 29, 26
PRAGER PAUL B.
Chief Executive Officer
SELL 137.50K $3.66M Indirect
Jun 24, 26
TANIMOTO WILLIAM JOSEPH
Officer
— 10.00K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BUCELLA MICHAEL C
Director 350.79K Purchase
CARTER WALTER E.
Director 229.09K Sale
DEANE KENNETH J.
Officer and Treasurer 595.40K Conversion of Exercise of derivative security
FLEURY PATRICK
Chief Financial Officer 4.51M Conversion of Exercise of derivative security
KHAN NAZAR M.
Chief Technology Officer 28.16M Conversion of Exercise of derivative security
LANGLAIS KERRI M.
Officer and Director 5.25M Conversion of Exercise of derivative security
MOTZ CATHERINE J.
Director 153.22K Sale
PINCUS STEVEN T.
Director 399.39K Conversion of Exercise of derivative security
PRAGER LISA A.
Director 311.51K Stock Award(Grant)
PRAGER PAUL B.
Chief Executive Officer — Sale

Fundamentals

TTM · reported
Market cap$7.47B
Enterprise value$10.09B
Revenue (TTM)$165.19M
Gross profit$114.42M
EBITDA$-270.90M
Net income$-1.95B
EPS (TTM)$-4.49
Free cash flow$-234.12M
Total cash$2.62B
Total debt$5.24B
Book value / share$0.30
Shares outstanding498.97M
Float383.38M
Short % of float28.55%
Dividend yield0.00%
Beta (5Y)4.25

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-62.47
PEG ratio—
Price / sales—
Price / book50.75
EV / revenue61.06
EV / EBITDA-37.24
Gross margin69.26%
Operating margin-307.04%
Profit margin0.00%
Return on equity-1211.81%
Return on assets-4.79%
Debt / equity3,549.65
Current ratio0.75
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $168.46M$140.05M$69.23M$15.03M +20.3%
Operating revenue $168.46M$140.05M$69.23M$15.03M +20.3%
Cost of revenue $82.66M$62.61M$27.32M$11.08M +32.0%
Gross profit $85.79M$77.44M$41.91M$3.95M +10.8%
Selling, general & admin $147.76M$70.58M$37.02M$36.05M +109.4%
Total operating expense $256.10M$138.03M$70.26M$46.81M +85.5%
Operating income -$170.31M-$60.59M-$28.34M-$42.86M -181.1%
Net interest income -$80.25M-$19.79M-$34.81M-$24.68M -305.4%
Pre-tax income -$657.21M-$98.38M-$64.00M-$70.48M -568.0%
Tax provision $76.00K$0$0-$256.00K —
Net income -$661.42M-$72.42M-$73.42M-$90.79M -813.3%
Net income to common -$661.42M-$72.42M-$73.42M-$90.79M -813.3%
Basic EPS -1.66-0.21-0.35-0.82 -690.5%
Diluted EPS -1.66-0.21-0.35-0.82 -690.5%
EBIT -$576.96M-$78.59M-$29.19M-$45.80M -634.2%
EBITDA -$483.91M-$17.41M$161.00K-$38.83M -2,679.8%
Basic shares 397.61M351.32M209.96M110.64M +13.2%
Diluted shares 397.61M351.32M209.96M110.64M +13.2%

Options analytics

Account required
Put / call volume
0.15
Call-heavy session
Put / call open interest
0.60
Positioning, not flow
Max pain
15.50
+3.5% from spot
ATM implied vol
82.0%
Nearest strike to spot
Skew (10% OTM)
-2.3%
Calls bid over puts
Call volume
19.72K
Contracts, this expiry
Put volume
2.90K
Contracts, this expiry
Heaviest call OI
16.50
8.21K contracts
Heaviest put OI
13.00
8.51K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.27-0.33 -23.6%
Mar 2026 -0.19-0.20 -4.0%
Dec 2025 -0.16-0.27 -65.8%
Sep 2025 -0.05-0.04 +20.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.38 2 $64.31M +27.2%
Next quarter -0.30 2 $107.15M +199.0%
Current year -0.56 2 $263.68M +56.5%
Next year -0.24 4 $903.38M +242.6%

Analyst targets & ownership

Account required
Mean target$33.48
High target$62.50
Low target$15.00
Implied upside123.17%
Analyst count24
ConsensusSTRONG BUY
Strong buy / Buy5 / 18
Hold1
Sell / Strong sell0 / 0
Held by insiders23.01%
Held by institutions90.05%
Institutions holding655
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
15.36
-2.30% from price
SMA 20
15.86
-5.60% from price
SMA 50
16.30
-8.13% from price
SMA 100
19.94
-24.78% from price
SMA 200
18.09
-17.25% from price
EMA 12
15.42
-2.74% from price
EMA 26
15.88
-5.52% from price
EMA 50
16.79
-10.68% from price
RSI (14)
43.5
Neutral
MACD (12,26,9)
-0.45
Hist -0.08
ATR (14)
0.94
6.25% of price
Realised vol 30D
72.7%
Annualised
Bollinger upper
17.69
20, 2σ
Bollinger lower
14.03
20, 2σ
50 / 200 cross
Death
16.30 vs 18.09
Trend bias
Below 200
-17.25%

Options chain

Account required
Expiry
Spot 15.00
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
3.33
More volatile than market
Correlation to SPY
0.47
Loosely linked
Realised vol 30D
72.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-50.0%
Peak to trough
Max drawdown 5Y
-98.7%
Peak to trough
ATR 14
0.94
6.25% of price
Beta (reported)
4.25
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
121.15M
Prior 107.16M
Change vs prior
+13.1%
Shorts adding
% of float
28.55%
Heavily shorted
% of shares out
24.28%
Against total outstanding
Days to cover
4.1
Liquid
Float
383.38M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

105 on file
DateFirm ActionFromTo
Sep 23, 26 UBS INITIATED — Buy
Sep 21, 26 Rothschild & Co INITIATED — Neutral
Sep 17, 26 Wells Fargo INITIATED — Overweight
Sep 8, 26 Freedom Capital Markets INITIATED — Buy
Aug 28, 26 William Blair INITIATED — Outperform
Aug 21, 26 Rosenblatt MAINTAINED Buy Buy
Aug 13, 26 Morgan Stanley MAINTAINED Overweight Overweight
Aug 6, 26 Rosenblatt MAINTAINED Buy Buy
Aug 5, 26 Chardan Capital MAINTAINED Buy Buy
Aug 3, 26 B. Riley Securities MAINTAINED Buy Buy
Jul 28, 26 Keefe, Bruyette & Woods MAINTAINED Outperform Outperform
Jul 27, 26 Chardan Capital INITIATED — Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split3:2
Split dateMay 14, 2004

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.