Aurelius Capital Management acquired 450,000 shares in TeraWulf valued at $5.1 million during the third quarter, representing 9.3% of their reportable AUM. Top holdings include BITF, CORZ, CIFR, WULF, and RIOT. TeraWulf shares were priced at $12.52, up 93% in the past year, outperforming the S&P 500.

TeraWulf operates bitcoin mining facilities in New York and Pennsylvania, generating revenue through the production and sale of digital assets. They focus on owning and operating energy-efficient infrastructure for bitcoin mining, catering to institutional investors and those seeking exposure to bitcoin mining operations.

The new position in TeraWulf represents 9.3% of Aurelius Capital’s reportable AUM, signaling confidence in the cryptocurrency industry’s returns. TeraWulf reported revenue of $50.6 million in Q3, with a focus on infrastructure-style cash flows. The company has over $17 billion in long-term contracts and $713 million in cash at quarter-end for expansion.

Aurelius Capital Management acquired 450,000 shares in TeraWulf for $5.1 million, making it a significant holding. TeraWulf’s focus on large-scale bitcoin mining and energy-efficient operations aligns with the fund’s strategy. The move reflects confidence in the cryptocurrency industry’s potential for growth and returns.

Read more at Yahoo Finance: One Fund Just Bet $5 Million on This Bitcoin Infrastructure Play Beating the S&P 500 by 75 Points This Past Year