Bitcoin Mining Companies' AI Infrastructure Index Drops 16% in Past Month, Executives at TeraWulf and Others 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 shares of TeraWulf stock on June 29 at an average price of $26.596, generating total proceeds of approximately $7.3 million. Since the end of March, Prager and his management entities have sold a total of approximately 1.59 million shares of TeraWulf stock, with total proceeds of about $32.7 million. On July 6, TeraWulf announced a 20-year AI infrastructure lease agreement with Anthropic, expected to generate approximately $19 billion in contract revenue over the initial term and support critical IT loads of around 401 megawatts. Cipher Digital CEO Tyler Page filed documents on July 8 to sell 112,500 shares of CIFR stock, with a market value of approximately $2.38 million. Riot Platforms CEO Jason Les sold 175,000 shares of stock in May, valued at about $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 of stock, 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).