TeraWulf Stock has Surged Over 200%, and One Fund Just Sold Off $12 Million in Shares
Key Points
Hodges Capital Management sold 919,169 shares of TeraWulf; the estimated trade value was $12.32 million.
Meanwhile, the quarter-end value of the position fell by $10.30 million, reflecting both trading and price changes.
The post-trade holding was 2,866,544 shares worth $32.94 million.
- 10 stocks we like better than TeraWulf ›
On February 11, Hodges Capital Management Inc. disclosed a sale of 919,169 shares of TeraWulf (NASDAQ:WULF), an estimated $12.32 million transaction based on quarterly average pricing.
What happened
According to a recent SEC filing dated February 11, Hodges Capital Management Inc. decreased its stake in TeraWulf by 919,169 shares during the fourth quarter of 2025. The estimated value of the shares sold was $12.32 million, based on the mean closing price for the quarter. The quarter-end value of the TeraWulf position dropped by $10.30 million, a figure that incorporates both trading and share price movements.
What else to know
Top holdings after the filing:
- NASDAQ:NVDA: $39.60 million (3.4% of AUM)
- NYSE:SN: $34.20 million (3.0% of AUM)
- NASDAQ:WULF: $32.94 million (2.9% of AUM)
- NYSE:CLF: $30.55 million (2.7% of AUM)
- NYSE:TPL: $29.95 million (2.6% of AUM)
As of February 10, WULF shares were priced at $16.63, up a staggering 224.2% over the past year and vastly outperforming the S&P 500 by 209.74 percentage points.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $167.60 million |
| Net income (TTM) | ($586.64 million) |
| Market capitalization | $6.67 billion |
| Price (as of market close February 10, 2026) | $16.63 |
Company snapshot
- TeraWulf operates bitcoin mining facilities in New York and Pennsylvania, generating revenue from digital asset production and related services.
- Its business model centers on developing, owning, and operating infrastructure for large-scale bitcoin mining, leveraging proprietary technology and energy resources.
- The company serves digital asset markets and entities seeking exposure to bitcoin mining operations.
TeraWulf is a digital asset technology company focused on large-scale bitcoin mining operations in the United States. The company leverages proprietary infrastructure and energy solutions to drive efficiency and scale in digital asset production. Its strategic positioning in the bitcoin mining sector provides exposure to cryptocurrency markets and potential for growth as digital asset adoption expands.
What this transaction means for investors
Few stocks have been swinging as much as bitcoin miners, and that volatility alone explains why trimming exposure after a 224% run can be rational portfolio management rather than a verdict on fundamentals.
TeraWulf’s third quarter was very noteworthy. Revenue jumped 87% year over year to $50.6 million, including $7.2 million of initial high-performance computing lease revenue. The company also signed more than $17 billion in long-term HPC contracts and completed over $5 billion in financings to scale its platform. Meanwhile, cash and restricted cash ended September at $712.8 million, though total debt sat around $1.5 billion.
That combination of explosive growth, heavy capital needs, and crypto price exposure makes the stock inherently higher beta than most holdings in this portfolio, which also includes steadier names like Nvidia and Texas Pacific Land.
For long-term investors, the key question is durability. If HPC leases convert into stable, infrastructure-style cash flows, TeraWulf could evolve beyond a pure bitcoin proxy. But the capital intensity and balance sheet leverage mean position sizing matters. And in a diversified fund, trimming after a triple-digit rally might likely just reflect risk discipline rather than lost conviction.
Should you buy stock in TeraWulf right now?
Before you buy stock in TeraWulf, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and TeraWulf wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $429,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,165,045!*
Now, it’s worth noting Stock Advisor’s total average return is 913% — a market-crushing outperformance compared to 196% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of February 12, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, SharkNinja, and Uber Technologies. The Motley Fool has a disclosure policy.
Recommended Articles
