TeraWulf Inc. major shareholders
Insiders lead the TeraWulf register: Paul Prager reports 8.5%, including 6.8% through Riesling Power LLC, and Nazar Khan reports 5.7%. Bank of Nova Scotia is the outside 5% holder at 5.6%.
- Listing
- Nasdaq: WULF
- Business
- data center developer and operator
- Holdings as of
- 17 April 2026
- Share base
- common shares, after the offering closed 16 April 2026
- Founders, insiders, individuals
- Banks and trading firms
- Not named
Hover or focus a segment for its value. Overlapping positions are removed, and filings can use different denominators, so segments show scale rather than an exact total.
Holders named in the filing
| Holder | Type | Shares | % of class | Note |
|---|---|---|---|---|
| Paul Prager | Founder or insider | 41,709,758 | 8.5% | Includes the Riesling Power LLC shares below. |
| Riesling Power LLC | Founder or insider | 33,554,688 | 6.8% | Sole member is the Paul B. Prager 2020 Revocable Trust. |
| Nazar Khan | Founder or insider | 28,230,463 | 5.7% | Listed in the proxy among named executive officers and directors. |
| Bank of Nova Scotia | Bank | 27,383,209 | 5.6% |
Source: DEF 14A, filed 28 April 2026. Founder and insider rows are included where they matter for control, so not every row is a 5% holder.
How to read it
Riesling Power is counted inside Paul Prager's total, so the two rows must not be added together.
Founders
Paul Prager and Nazar Khan are both titled co-founder, and both came from Beowulf, the energy company Prager founded in 1990.
- Paul PragerChairman and Chief Executive Officer
- Nazar KhanChief Technology Officer and director
Questions
Who are the major shareholders of TeraWulf Inc.?
Insiders lead the TeraWulf register: Paul Prager reports 8.5%, including 6.8% through Riesling Power LLC, and Nazar Khan reports 5.7%. Bank of Nova Scotia is the outside 5% holder at 5.6%.
How current is this WULF shareholder data?
The table reflects DEF 14A filed 28 April 2026, with holdings as of 17 April 2026. Many rows rest on earlier Schedule 13G or 13D filings, so individual positions may have changed.