GSA Capital Partners LLP Purchases New Stake in TeraWulf Inc. $WULF

GSA Capital Partners LLP acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 77,463 shares of the company’s stock, valued at approximately $885,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. First Dallas Securities Inc. lifted its stake in TeraWulf by 126.5% during the 2nd quarter. First Dallas Securities Inc. now owns 132,500 shares of the company’s stock valued at $580,000 after acquiring an additional 74,000 shares during the period. Thames Capital Management LLC purchased a new position in shares of TeraWulf during the second quarter valued at approximately $4,970,000. Two Seas Capital LP lifted its position in TeraWulf by 966.9% during the second quarter. Two Seas Capital LP now owns 2,287,100 shares of the company’s stock valued at $10,017,000 after purchasing an additional 2,072,729 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of TeraWulf by 27.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,507,973 shares of the company’s stock valued at $17,221,000 after buying an additional 325,148 shares during the period. Finally, Voya Investment Management LLC increased its position in TeraWulf by 420.6% during the third quarter. Voya Investment Management LLC now owns 375,754 shares of the company’s stock valued at $4,291,000 after acquiring an additional 303,583 shares during the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

NASDAQ:WULF opened at $15.01 on Friday. The firm has a market capitalization of $6.28 billion, a PE ratio of -10.57 and a beta of 3.69. The stock’s fifty day moving average is $13.67 and its 200 day moving average is $12.42. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week 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.

Wall Street Analyst Weigh In

WULF has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Compass Point set a $17.00 target price on TeraWulf and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Cantor Fitzgerald restated an “overweight” rating and set a $18.00 target price on shares of TeraWulf in a research note on Tuesday, December 23rd. Wall Street Zen downgraded shares of TeraWulf from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of TeraWulf in a research note on Tuesday, February 3rd. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.