BlackRock reports 4.5% stake in Terawulf

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 22,317,400 shares of TERAWULF INC common stock, representing 4.5% of the class.

Rhea-AI Filing Summary

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 22,317,400 shares of TERAWULF INC common stock, representing 4.5% of the class. BlackRock reports sole voting power over 21,577,111 shares and sole dispositive power over 22,317,400 shares, with no shared voting or dispositive power.

Various underlying clients or investors may receive dividends or sale proceeds from these shares, but no single person is stated to hold more than five percent of TERAWULF INC’s outstanding common stock.

Key Figures

Beneficial ownership: 22,317,400 shares Percent of class: 4.5% Sole voting power: 21,577,111 shares +3 more

6 metrics

Beneficial ownership 22,317,400 shares Common stock of TERAWULF INC reported as beneficially owned by BlackRock, Inc.

Percent of class 4.5% Portion of TERAWULF INC common stock class beneficially owned

Sole voting power 21,577,111 shares Shares of TERAWULF INC over which BlackRock has sole power to vote

Shared voting power 0 shares Shares of TERAWULF INC over which BlackRock has shared voting power

Sole dispositive power 22,317,400 shares Shares of TERAWULF INC over which BlackRock may solely dispose

Shared dispositive power 0 shares Shares of TERAWULF INC with shared dispositive power

Key Terms

beneficially owned, sole voting power, sole dispositive power, percent of class, +1 more

5 terms

beneficially owned financial

"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole Voting Power 21,577,111.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 22,317,400.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class: 4.5 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Schedule 13G regulatory

"In accordance with SEC Release No. 34-39538 this Schedule 13G reflects the securities"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in TERAWULF INC (WULF) does BlackRock report on this Schedule 13G/A?

BlackRock reports beneficial ownership of 22,317,400 shares of TERAWULF INC common stock, representing 4.5% of the outstanding class, according to this amended Schedule 13G filing.

How much voting power in TERAWULF INC (WULF) does BlackRock have?

BlackRock reports sole voting power over 21,577,111 shares of TERAWULF INC common stock and no shared voting power, indicating all reported voting authority is held on a sole basis.

What dispositive power over TERAWULF INC (WULF) shares does BlackRock disclose?

BlackRock reports sole dispositive power over 22,317,400 shares of TERAWULF INC common stock and no shared dispositive power, meaning decisions to sell or otherwise dispose are controlled solely for these shares.

Why does the TERAWULF INC (WULF) filing state ownership of 5 percent or less?

The filing lists BlackRock’s percent of class as 4.5%, triggering the disclosure that the position represents 5 percent or less of TERAWULF INC’s outstanding common stock under the Schedule 13G instructions.

Who ultimately benefits from the TERAWULF INC (WULF) shares held by BlackRock?

The filing states that various persons have rights to dividends or sale proceeds from TERAWULF INC shares, but no one person is said to have more than five percent of the total outstanding common shares.

What is the role of subsidiaries in BlackRock’s TERAWULF INC (WULF) holdings?

The filing explains that the reported position reflects securities beneficially owned by certain BlackRock business units, with further subsidiary identification provided in Exhibit 99 attached to the Schedule 13G/A.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 11:19 AM Accepted by SEC EDGAR 07/30/2026 - 11:18 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

TERAWULF INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

88080T104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 88080T104

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,577,111.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 22,317,400.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,317,400.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.5 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TERAWULF INC
(b)	Address of issuer's principal executive offices: 9 FEDERAL STREET EASTON MD 21601
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 88080T104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 22317400
(b)	Percent of class: 4.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 21577111
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 22317400
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of TERAWULF INC. No one person's interest in the common stock of TERAWULF INC is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/30/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7