BIT Capital GmbH Sells 212,991 Shares of TeraWulf Inc. $WULF

BIT Capital GmbH trimmed its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 737,163 shares of the company’s stock after selling 212,991 shares during the period. BIT Capital GmbH owned about 0.18% of TeraWulf worth $8,418,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after acquiring an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after purchasing an additional 4,800 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after purchasing an additional 2,748 shares during the last quarter. Comerica Bank increased its stake in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after buying an additional 12,370 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in TeraWulf during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $15.47 on Friday. The company has a market capitalization of $6.48 billion, a PE ratio of -10.89 and a beta of 3.69. The company has a 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $12.35. TeraWulf Inc. has a one year low of $2.06 and a one year high of $17.69. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

A number of equities analysts have commented on WULF shares. Citigroup restated a “market outperform” rating on shares of TeraWulf in a research note on Tuesday, November 11th. Wall Street Zen cut TeraWulf from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Citizens Jmp set a $22.00 price objective on TeraWulf in a report on Wednesday, October 29th. Compass Point set a $17.00 price target on TeraWulf and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Finally, UBS Group set a $18.25 price objective on TeraWulf in a report on Friday, October 24th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf currently has an average rating of “Moderate Buy” and an average target price of $20.31.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.