SCHEDULE: Morgan Stanley Reports 6.1% Stake in Terawulf

Morgan Stanley has disclosed beneficial ownership of 6.1% of Terawulf Inc.'s common stock as of June 30, 2026.

Summary

• Morgan Stanley has filed a Schedule 13G, indicating it beneficially owns 30,388,221 shares of Terawulf Inc. common stock.
• This represents 6.1% of the total class of securities outstanding.
• The filing is made in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934.
• The date of the event requiring this filing is June 30, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without significant new financial or strategic information.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Management Comments

• "In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS")."
• "This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release."
• "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."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Morgan Stanley is a routine disclosure for significant institutional investors, indicating a substantial but not controlling stake in Terawulf Inc. It does not inherently signal a change in investment strategy or a view on the company's operational performance.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional holding by Morgan Stanley, which may influence market perception and trading dynamics.

Key Dates

Keywords

beneficial ownership, Schedule 13G, Morgan Stanley, Terawulf Inc., common stock, Securities Exchange Act