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36 /100
COMPONENT-LIMITED
Score updated Oct 13, 2026

WULF — TeraWulf Inc. Dilution Risk Tracker

Track WULF dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, TeraWulf Inc. (WULF) has a DilutionWatch DilutionScore of 36/100, rated MEDIUM dilution risk. This is a component-limited score because one or more material inputs are unavailable or not applicable. TeraWulf Inc. has a market capitalization of $6.53B, 498.97M shares outstanding, 10 institutional holders tracked. Stored dilution-related fields include ATM program capacity of $900.60M, 77.70M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
52
💰Cash Runway—
📊 Float Risk
37
⚠️ Warrant Exposure
50
🔄 Convertible Debt
15

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 17%
📜 Warrant Exercise model 25%
• Significant warrants: 16% of shares outstanding
💰 Capital Raise model 18%
• Active ATM program with $901M remaining capacity
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Market Data

Market Cap$6.53B
Shares Outstanding498.97M
Float381.94M
Cash$2.62B
Debt$3.10B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore36/100DilutionWatch score record
Shares Outstanding498.97MVerified float table or market cache
Public Float381.94MVerified float table or market cache
Market Cap$6.53BMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM Capacity$900.60MSEC-derived dilution fields
Outstanding Warrants77.70MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 4, SC 13G 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 130.95M shares
#1 Vanguard Group Inc 33.64M shares
#2 Blackrock Inc. 27.90M shares
#3 Shaw D.E. & Co., Inc. 15.47M shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest119.36M
Days to Cover4.5
% of Float31.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-05
xbrl XBRL CONVERTIBLE 2026-02-27
4 INSIDER TRANSACTION 2026-09-01
4 INSIDER TRANSACTION 2026-08-28
4 INSIDER TRANSACTION 2026-08-17
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual WULF Dilution Snapshot

TeraWulf Inc. (WULF) has a DilutionScore of 36/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

WULF's DilutionScore is currently 36/100 (Medium risk), with 1 score change tracked over 89 days. The score improved from 30/100 (Medium risk).

Period Score Risk Level Duration
Sep 29 – Oct 13, 202636/100MEDIUM15 days
Jul 16 – Sep 28, 202630/100MEDIUM74 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

WULF shares outstanding have increased 1.2% from 489.89M (Apr 2026) to 495.53M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 27, 2026495.53M381.94M▼ 0.51%
May 23, 2026495.53M383.91M▼ 0.20%
May 22, 2026495.53M384.69M▲ 0.03%
May 17, 2026495.53M384.57M▲ 0.17%
May 13, 2026495.53M383.92M▲ 16.58%
May 11, 2026492.63M329.31M▼ 0.05%
May 10, 2026492.63M329.49M▲ 0.39%
May 06, 2026492.63M328.19M▲ 1.28%
May 04, 2026492.63M324.04M▲ 0.27%
May 02, 2026492.63M323.17M▼ 0.06%
Apr 26, 2026489.89M323.36M▼ 0.31%
Apr 20, 2026489.89M324.37M▲ 12.82%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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Score Coverage Note