Professional
Added to YB: 2024-08-16
Pitch date: 2024-08-14
WULF [bearish]
TeraWulf Inc.
-334.36%
current return
Author Info
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Company Info
TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States.
Market Cap
$6.9B
Pitch Price
$3.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
-110.68
P/E
-9.75
EV/Sales
52.29
Sector
Software
Category
N/A
Beware of TeraWulf: We believe the Company is a Charade to Enrich Insiders at the Cost of Investors and Backed by Notorious Pump and Dump Artists
TeraWulf (WULF) crypto miner facing allegations of insider enrichment & ties to pump-and-dump schemes. $100M+ in related party payments to CEO's Beowulf. 2nd/3rd largest shareholders linked to SEC-charged Honig group. Missed 2023 projections by 90%+. 52% dilution since 2021 IPO. Poor miner fleet. Auditor RSM has high deficiency rates. Appears run for insiders, not shareholders.
Read full article (24 min)