Lone Pine Capital 13F: New $505M Stake in TeraWulf (WULF)

Lone Pine Capital Establishes New Position in TeraWulf Inc.

Lone Pine Capital opened a brand-new position in TeraWulf Inc. (NasdaqCM: WULF), acquiring 19,921,430 shares during the period. According to its Form 13F filing with the SEC, the newly initiated stake carried an estimated value of $504.6 million based on reporting period metrics. Because this is a newly established holding, the fund did not previously own shares in the bitcoin mining and digital infrastructure company.

TeraWulf Stock Performance and Market Context

TeraWulf shares recently traded at $25.33, sitting well above its 52-week low of $10.35 and approaching its 52-week high of $29.84. The company has a market capitalization of roughly $6.30 billion. Because the company posted a negative earnings per share of $4.43, it does not currently carry a meaningful positive P/E ratio, and its forward P/E sits at -18.90.

Recent Insider Activity

Insider transactions around the company feature a notable purchase by management. On June 23, 2026, Amanda Fabiano acquired 56,023 shares of TeraWulf stock in a transaction executed without a pre-arranged Rule 10b5-1 plan.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive outlook on TeraWulf stock, backed by a consensus recommendation key of strong buy from 25 analysts. On October 16, 2026, Cantor Fitzgerald maintained its Overweight rating while adjusting its price target to $30.00 from $37.00. Earlier, on October 12, 2026, Morgan Stanley maintained an Overweight rating and lifted its target to $65.00 from $62.50, while TD Cowen initiated coverage with a Buy rating and a $21.00 price target. The overall analyst targets span a mean price of $32.80, with a high target of $65.00 and a low target of $15.00.

TeraWulf Digital Infrastructure Operations

TeraWulf Inc. develops, owns, and operates digital infrastructure and bitcoin mining facilities in the United States, utilizing clean and reliable energy sources for its high-performance computing workloads. Based in Easton, Maryland, the company continues to attract institutional capital as demand grows for specialized computing facilities.

What to Watch at TeraWulf Inc.

Investors tracking Lone Pine Capital will need to review subsequent SEC filings to monitor whether the fund adjusts its substantial position in later quarters. TeraWulf is scheduled to release its next round of financial results on November 6, 2026. Institutional 13F filings are backward-looking and reflect holdings as of the reporting date, meaning they may not represent the investor's current daily position.