Alight Capital Cuts Stake in Cryptocurrency Mining Firm TeraWulf

Alight Capital Management LP has made significant adjustments to its holdings in TeraWulf Inc., a leading player in the cryptocurrency mining sector. According to an SEC filing, the firm reduced its stake in TeraWulf by 68%, selling 319,100 shares during the third quarter of 2026.

The sale has resulted in Alight Capital Management LP retaining 150,000 shares of TeraWulf's stock, valued at approximately $1.7 million based on the current market price. This move underscores the complexity and unpredictability of the cryptocurrency mining industry, where even prominent institutional investors may be reassessing their positions.