Deutsche Bank AG has cut its holdings in TeraWulf Inc., a digital asset technology company listed on NASDAQ as WULF. According to the latest SEC filing, Deutsche Bank sold 273,696 shares in the fourth quarter of 2024, reducing its stake by 35.8%. After the sale, the bank owns 490,501 shares valued at approximately $2.78 million. This change reflects shifting confidence in TeraWulf amid a volatile market.
Several other investment funds also adjusted their positions in TeraWulf during the same period. ARS Investment Partners increased its shares by 20%, now holding 12,000 shares. Truist Financial added 2,500 shares, raising its total to 52,500. CoreCap Advisors boosted its stake by nearly 68%, owning 7,554 shares. Xponance Inc. and Voya Investment Management also increased their holdings, with 19,156 and 78,815 shares respectively. Institutional investors collectively own about 62.5% of TeraWulf’s stock.
Analyst opinions on TeraWulf remain mixed. Rosenblatt Securities recently lowered its price target from $4.50 to $4.00 but kept a buy rating. Jones Trading started coverage with a buy rating and a $4.00 target. Among analysts, one rates the stock as hold, seven as buy, and two as strong buy. The consensus price target is $7.86, indicating optimism for the company’s future performance.
TeraWulf’s stock opened at $3.91 recently. The 52-week price range is between $1.96 and $9.30. Its market capitalization stands at $1.5 billion, with a beta of 3.00, suggesting higher volatility. The 50-day moving average is $2.97, while the 200-day moving average is $4.85, showing some downward pressure over the longer term.
In its most recent earnings report released on May 9, 2025, TeraWulf posted a loss of $0.16 per share, missing the estimated loss of $0.07. Revenue came in at $34.41 million, below the expected $45.72 million. The company reported a negative net margin of 41.9% and a negative return on equity of 15.9%. Revenues dropped 18.9% compared to the same quarter last year. Analysts expect an EPS loss of around $0.17 for the current fiscal year.
TeraWulf, founded in 2021 and based in Easton, Maryland, owns and operates bitcoin mining facilities in New York and Pennsylvania. The company also offers hosting services for miners. It focuses on expanding its digital asset operations while emphasizing clean energy solutions.
