TeraWulf CEO Paul Prager Sells Shares Worth $2.3 Million
On August 27, TeraWulf Inc.'s (NASDAQ: WULF) CEO, Paul B. Prager, sold approximately 137,500 shares of the company for a total value of $2.3 million at an average price of $17.06 per share. The transaction was reported via SEC Form 4 and occurred under his prearranged Rule 10b5-1 trading plan to avoid any appearance of insider trading on non-public information. Despite the sale, Prager still holds a significant stake in TeraWulf, with over 40 million shares directly and indirectly valued at around $665.7 million as of August 27's market close price of $16.49 per share. The company operates primarily in Bitcoin mining and high-performance computing infrastructure, generating revenue from these operations while reporting a net loss for the trailing twelve months (TTM) of -$2 billion. The stock has performed well over the past year with a 62.4% gain compared to broader market indices like the S&P 500 and Nasdaq Composite.
Tickers: $WULF