Bitcoin Mining Companies' AI Infrastructure Index Falls 16% in Past Month, Multiple Executives Including TeraWulf Reduce Holdings

Odaily Planet Daily News The TEM AI Infrastructure Growth Index has fallen 16% over the past month. Beowulf E&D Holdings, managed by TeraWulf Chairman and CEO Paul Prager, sold 275,000 TeraWulf shares on June 29 at an average price of $26.596, generating approximately $7.3 million in total proceeds; since the end of March, Prager and his management entities have sold a total of approximately 1.59 million TeraWulf shares, generating total proceeds of about $32.7 million. On July 6, TeraWulf announced a 20-year AI infrastructure leasing agreement with Anthropic, expected to generate approximately $19 billion in contract revenue over the initial term and support approximately 401 megawatts of critical IT load. Cipher Digital CEO Tyler Page filed documents on July 8 to sell 112,500 CIFR shares, with a market value of approximately $2.38 million. Riot Platforms CEO Jason Les sold 175,000 shares in May, valued at approximately $4.2 million, and sold 250,000 shares on June 22, with a market value of $7.03 million. Core Scientific Chief Legal and Administrative Officer Todd DuChene filed documents on July 6 to sell 140,000 shares, with a market value of $3 million. On June 30, the IREN board approved granting 9,099,328 restricted stock units each to co-CEOs William Roberts and Daniel Roberts. (Bitcoin.com News).