SCHEDULE: Citadel Discloses 5.4% Passive Stake in TeraWulf Inc.
Beneficial Ownership Report (Schedule 13G)
Citadel entities and Kenneth Griffin have disclosed a collective 5.4% passive beneficial ownership in TeraWulf Inc. common stock.
Summary
- Citadel Securities GP LLC and Citadel Securities Group LP each beneficially own 22,686,911 shares of TeraWulf Inc., representing 5.4% of the class.
- Citadel Securities LLC beneficially owns 17,848,459 shares, representing 4.3% of the class.
- Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC each beneficially own 112,900 shares, representing 0.0% of the class.
- Kenneth Griffin, through his control over the reporting entities, is deemed to beneficially own 22,799,811 shares, also representing 5.4% of the class.
- All beneficial ownership is reported with shared voting and shared dispositive power, with no sole voting or dispositive power for any reporting person.
- The percentages are based on 418,681,881 shares outstanding as of November 7, 2025, as reported in TeraWulf Inc.'s Form 10-Q filed on November 10, 2025.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational news.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding TeraWulf Inc.'s future performance or operations.
Industry Context
This Schedule 13G filing indicates a significant passive investment by Citadel, a prominent global financial institution, in TeraWulf Inc. Such filings are standard disclosures for institutional investors acquiring more than 5% of a company's stock, signaling their position in the market without necessarily implying an intent to influence company control.
Stakeholder Impact
- Shareholders gain transparency regarding significant institutional ownership, which can influence market perception and liquidity.
- The filing confirms that the investment is passive and not intended to change or influence control of the issuer, providing clarity on the investor's intent.
Key Dates
| Date | Description |
|---|---|
| 2025-11-07 | Date as of which 418,681,881 shares of TeraWulf Inc. were outstanding, according to the issuer's Form 10-Q. |
| 2025-11-10 | Date TeraWulf Inc. filed its Form 10-Q with the SEC. |
| 2025-12-01 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-12-08 | Date of filing of this Schedule 13G statement and the date for the holdings of the reporting persons. |
Keywords
TeraWulf Inc., Citadel, Kenneth Griffin, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Stake
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