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Bitcoin The Mining AI Infrastructure Index has fallen 16% over the past month, with executives at TeraWulf and other companies selling off their shares
Svmuu News: The TEM AI Infrastructure Growth Index fell 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 late March, Prager and the entities he manages have collectively sold approximately 1.59 million shares of TeraWulf stock, generating total proceeds of approximately $32.7 million. On July 6, TeraWulf announced a 20-year AI infrastructure lease agreement with Anthropic, which is 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 a notice 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 in May, worth approximately $4.2 million, and sold 250,000 shares on June 22, with a market value of $7.03 million. Todd DuChene, Chief Legal and Administrative Officer of Core Scientific, filed a notice on July 6 to sell 140,000 shares, valued at $3 million. On June 30, the IREN board of directors approved the grant of 9,099,328 restricted stock units each to Co-CEOs William Roberts and Daniel Roberts. (Bitcoin.com News).
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