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Insider Sale: Kenneth Deane Sells 69,996 Shares of TeraWulf Inc (WULF)

GuruFocus Research
·1 min read

On June 7, 2024, Kenneth Deane, Chief Accounting Officer and Treasurer of TeraWulf Inc (NASDAQ:WULF), executed a sale of 69,996 shares of the company. Following this transaction, the insider now owns 337,245 shares of TeraWulf Inc. The sale was documented in a recent SEC Filing.

TeraWulf Inc operates within the cryptocurrency mining industry, focusing on generating environmentally sustainable bitcoin. The company aims to combine clean energy sources with efficient mining operations to provide a net carbon-neutral impact.

According to the market cap data, TeraWulf Inc is valued at $1.03 billion. The stock was priced at $3.25 on the day of the transaction.

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Over the past year, the insider transaction history at TeraWulf Inc shows a pattern of 1 insider buy and 1 insider sell. The insider, Kenneth Deane, has a record of selling 69,996 shares and purchasing none within the same period.

For further insights into the company's valuation metrics such as GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, investors can visit the respective links.

Insider Sale: Kenneth Deane Sells 69,996 Shares of TeraWulf Inc (WULF)
Insider Sale: Kenneth Deane Sells 69,996 Shares of TeraWulf Inc (WULF)

This insider trend image provides a visual representation of the buying and selling activities of insiders at TeraWulf Inc, offering investors additional context to the recent transaction by the insider.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.