Why TeraWulf (WULF) Stock Is Up Today

TeraWulf Inc. (WULF) is up 8.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to investors continuing to react to TeraWulf’s recent third-quarter update and its newly strengthened financing setup for a large AI data center buildout. The company showed rapid growth in high-performance computing lease revenue, highlighted a sizable Anthropic lease, and reinforced its liquidity position, all of which likely supported sentiment.

Details:

TeraWulf reported third-quarter revenue of $76.2 million, with about $63.0 million coming from HPC lease revenue, which represented roughly 83% of total revenue.

The company said it has a 20-year lease with Anthropic covering about 401 MW of critical IT capacity at its Justified campus, representing about $19 billion of contracted revenue over the initial term.

TeraWulf announced on November 4, 2026 that Google would provide credit support tied to anticipated project financing for that Anthropic lease, while Fluor signed a definitive EPC agreement for three data center buildings.

The company also said it ended the quarter with about $2.4 billion of cash, cash equivalents, and restricted cash, and later increased revolving credit commitments to $400 million.

Sources:

TeraWulf investor relations, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WULF Insider Trading Activity

$WULF insiders have traded $WULF stock on the open market 10 times in the past 6 months. Of those trades, 3 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $WULF stock by insiders over the last 6 months:

PAUL B. PRAGER (Chief Executive Officer) has made 0 purchases and 5 sales selling 608,300 shares for an estimated $14,392,572.
WALTER E. CARTER sold 130,626 shares for an estimated $1,977,808
CATHERINE J. MOTZ sold 56,023 shares for an estimated $997,943
MICHAEL C. BUCELLA has made 3 purchases buying 11,968 shares for an estimated $189,916 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$WULF Hedge Fund Activity

We have seen 293 institutional investors add shares of $WULF stock to their portfolio, and 236 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 12,107,217 shares (-78.2%) from their portfolio in Q2 2026, for an estimated $299,048,259
MARSHALL WACE, LLP removed 7,953,356 shares (-84.8%) from their portfolio in Q2 2026, for an estimated $196,447,893
MORGAN STANLEY added 5,964,209 shares (+100.6%) to their portfolio in Q2 2026, for an estimated $147,315,962
BLACKROCK, INC. removed 4,749,097 shares (-16.9%) from their portfolio in Q2 2026, for an estimated $117,302,695
NORGES BANK added 4,459,627 shares (+1116.0%) to their portfolio in Q2 2026, for an estimated $110,152,786
VALUE ALIGNED RESEARCH ADVISORS, LLC added 4,414,903 shares (+56.3%) to their portfolio in Q2 2026, for an estimated $109,048,104
LONE PINE CAPITAL LLC added 4,223,195 shares (+21.2%) to their portfolio in Q2 2026, for an estimated $104,312,916

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WULF Price Targets

Multiple analysts have issued price targets for $WULF recently. We have seen 6 analysts offer price targets for $WULF in the last 6 months, with a median target of $33.5.

Here are some recent targets:

Stephen Byrd from Morgan Stanley set a target price of $72.0 on 07/08/2026
Chris Brendler from Rosenblatt set a target price of $30.0 on 07/07/2026
John Todaro from Needham set a target price of $33.0 on 07/07/2026
Michael Rollins from Citigroup set a target price of $36.0 on 06/29/2026
Michael Funk from B of A Securities set a target price of $34.0 on 06/15/2026
Nick Giles from B. Riley Securities set a target price of $32.0 on 05/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.