TeraWulf Inc. CEO Paul B. Prager sold approximately 137,500 shares of the company on August 27, generating about $2.3 million, according to a recent SEC Form 4 filing. The sale was executed under a prearranged 10b5-1 plan, and Prager retains a significant stake of about 40.4 million shares, worth roughly $665 million based on the August 27 closing price of $16.49. TeraWulf, a Bitcoin mining and high-performance computing company, has seen its stock surge 62.4% over the past year, outperforming the S&P 500 and Nasdaq. The company is pivoting toward AI, including a 20-year data center lease with Anthropic, despite reporting a net loss of $2.0 billion over the trailing twelve months.
Terawulf IncCEO sold shares, though under a prearranged plan and retains large stake.
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