Bitcoin Mining Companies' AI Infrastructure Index Falls 16%, Executives of Multiple Firms Reduce Stock Holdings

The TEM AI Infrastructure Growth Index has dropped 16% over the past month. Paul Prager, Chairman and CEO of TeraWulf, managed Beowulf E&D Holdings, which sold 275,000 shares of TeraWulf stock on June 29 at an average price of $26.596, generating approximately $7.3 million in total revenue. Since the end of March, Prager and his managed entities have sold a total of about 1.59 million shares of TeraWulf stock, yielding approximately $32.7 million in total revenue. TeraWulf announced on July 6 that it has reached a 20-year AI infrastructure leasing agreement with Anthropic, expected to generate approximately $19 billion in contract revenue during the initial term and support about 401 megawatts of critical IT load. Cipher Digital CEO Tyler Page submitted a filing on July 8 to sell 112,500 shares of CIFR stock, valued at approximately $2.38 million. Riot Platforms CEO Jason Les sold 175,000 shares in May for about $4.2 million and another 250,000 shares on June 22, valued at $7.03 million. Core Scientific's Chief Legal and Administrative Officer Todd DuChene submitted a filing on July 6 to sell 140,000 shares, valued at $3 million. The IREN board approved the grant of 9,099,328 restricted stock units to Co-CEOs William Roberts and Daniel Roberts on June 30.

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