The TEM AI Infrastructure Growth Index has dropped 16% over the past month, while several executives at bitcoin mining and related infrastructure companies have disclosed stock sales or equity awards.
At TeraWulf, Beowulf E&D Holdings, managed by chairman and CEO Paul Prager, sold 275,000 shares on June 29 at an average price of $26.596, generating about $7.3 million. Since late March, Prager and entities he manages have sold about 1.59 million TeraWulf shares for roughly $32.7 million in total proceeds. The company also said on July 6 that it reached a 20-year AI infrastructure lease agreement with Anthropic, which it expects to generate about $19 billion in contract revenue during the initial term and support about 401 megawatts of critical IT load.
Elsewhere, Cipher Digital CEO Tyler Page filed to sell 112,500 CIFR shares on July 8, valued at about $2.38 million. Riot Platforms CEO Jason Les sold 175,000 shares in May worth about $4.2 million, then sold another 250,000 shares on June 22 valued at $7.03 million. Core Scientific chief legal and administrative officer Todd DuChene filed on July 6 to sell 140,000 shares worth $3 million. IREN’s board also approved grants of 9,099,328 restricted stock units each to co-CEOs William Roberts and Daniel Roberts on June 30.
The TEM AI Infrastructure Growth Index has fallen 16% over the past month.
Executives at several mining companies disclosed stock sales
At TeraWulf, Beowulf E&D Holdings, managed by chairman and CEO Paul Prager, sold 275,000 shares on June 29 at an average price of $26.596, for total proceeds of about $7.3 million.
Since late March, Prager and entities he manages have sold about 1.59 million TeraWulf shares, generating roughly $32.7 million in total proceeds.
Cipher Digital CEO Tyler Page filed on July 8 to sell 112,500 CIFR shares valued at about $2.38 million.
Riot Platforms CEO Jason Les sold 175,000 shares in May worth about $4.2 million, then sold another 250,000 shares on June 22 valued at $7.03 million.
Core Scientific chief legal and administrative officer Todd DuChene filed on July 6 to sell 140,000 shares valued at $3 million.
TeraWulf disclosed AI lease agreement
TeraWulf said on July 6 that it had reached a 20-year AI infrastructure lease agreement with Anthropic. The company said the deal is expected to generate about $19 billion in contract revenue during the initial term and support about 401 megawatts of critical IT load.
IREN approved RSU grants
On June 30, IREN’s board approved grants of 9,099,328 restricted stock units each to co-CEOs William Roberts and Daniel Roberts.
The report cited Bitcoin.com News.
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