TeraWulf CEO Paul Prager sells $2.3m in WULF stock
TeraWulf CEO Paul Prager divested $2.3 million in WULF stock on August 27, 2026, according to wire reports. The sale of 137,500 shares occurred at prices between $17.0100 and $17.1150, with an average of $17.0593 per share. This action adhered to a pre-established Rule 10b5-1 trading plan adopted by Prager on December 23, 2025. Post-sale, Prager retains 1,761,479 shares of TeraWulf common stock, in addition to shares indirectly owned through multiple entities.
Notably, TeraWulf reported a wider-than-expected loss for the second quarter of 2026, posting an adjusted loss per share of $1.94, which surpassed analysts' estimates of a 25-cent loss. Despite this, revenue rose to $44.77 million from $34.0 million in the previous quarter. TeraWulf also finalized a 20-year, $19 billion lease with Anthropic for an AI data center campus in Kentucky, leading S&P Global Ratings to affirm their 'BB-' issuer credit rating and shift the outlook to stable.
William Blair upgraded TeraWulf's rating to 'outperform' and Rosenblatt maintained a 'Buy' rating with a $30 price target.
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