TeraWulf CEO Paul Prager sells 137,500 shares for $2.3M as company pivots hard into AI

TeraWulf CEO Paul Prager sold 137,500 shares of the company on August 27 through Beowulf E&D Holdings, the entity he manages, pocketing roughly $2.35 million at a weighted average price of about $17.06 per share. The sale was executed under a Rule 10b5-1 trading plan established back in December 2025, meaning it was scheduled well in advance rather than triggered by any sudden change of heart. The numbers behind the trade This wasn’t Prager’s first sale of the year. Back on June 29, he moved the exact same number of shares, 137,500, but at a considerably juicier price of $26.60 each. That June sale would have netted approximately $3.66 million, making the August transaction look like a discount clearance event by comparison. Even after both sales, Prager’s indirect holdings through Beowulf E&D still sit at roughly 3.8 million shares, and he holds an additional 1.76 million shares directly. WULF shares have been trading in the $15 to $17 range in late August 2026, a far cry from the $26-plus levels seen earlier in the summer. From Bitcoin mining to AI infrastructure The centerpiece of TeraWulf’s pivot is a roughly $19 billion HPC lease contract with Anthropic, the AI safety ...