W
TeraWulf
WULF · Power Shells
$16.14
-0.99 (-5.78%)
As of Sep 10, 2026 close
Executive Compensation — FY2025 Proxy
DEF 14A filed Apr 28, 2026CEO Total Comp
$39.4M
Paul Prager · FY2025
YoY Change
+470.1%
FY2024: $6.9M
Named Executives
6
CEO · CTO · CSOD · CFO · CAO · FCAOT
Equity Share of Comp
59%
of CEO total
Compensation Over Time
CEO total by component · from Summary Compensation TableSalaryCash BonusEquity AwardsAll Other
Summary Compensation Table
Officer × year · extracted from DEF 14A · analyst-reviewed| Name & Position | Year | Salary | Cash Bonus | Equity Awards | Non-Equity Incentive | All Other | Total |
|---|---|---|---|---|---|---|---|
Paul Prager Chief Executive Officer and Chairman of the Board of Directors | 2025 | $1,000,372 | $15,000,000 | $23,151,000 | — | $259,633 | $39,411,005 |
| 2024 | $960,112 | $1,500,000 | $4,433,145 | — | $19,383 | $6,912,640 | |
| 2023 | $950,545 | $1,425,000 | — | — | $18,633 | $2,394,178 | |
Nazar Khan Chief Technology Officer and Director | 2025 | $750,372 | $10,000,000 | $19,176,000 | — | $133,077 | $30,059,449 |
| 2024 | $508,188 | $750,000 | $4,850,516 | — | $18,380 | $6,127,084 | |
Kerri Langlais Chief Strategy Officer and Director | 2025 | $500,372 | $7,000,000 | $12,600,000 | — | $88,630 | $20,189,002 |
| 2024 | $419,727 | $1,400,000 | $7,761,281 | — | $18,380 | $9,599,388 | |
| 2023 | $401,055 | $400,000 | $724,880 | — | $17,630 | $1,543,565 | |
Patrick Fleury Chief Financial Officer | 2025 | $500,372 | $7,000,000 | $12,600,000 | — | $33,377 | $20,133,749 |
| 2024 | $419,727 | $1,500,000 | $7,761,281 | — | $377 | $9,681,385 | |
| 2023 | $390,907 | $400,000 | $724,880 | — | $377 | $1,516,164 | |
William Tanimoto Chief Accounting Officer | 2025 | $245,795 | $180,000 | $612,900 | — | $12,358 | $1,051,053 |
Kenneth Deane Former Chief Accounting Officer and Treasurer | 2025 | $175,124 | — | $436,800 | — | $16,184 | $628,108 |
| 2024 | $325,496 | $350,000 | $478,780 | — | $18,781 | $1,173,057 | |
| 2023 | $325,699 | $162,500 | $144,976 | — | $18,494 | $651,669 |
Pay vs Performance
Compensation actually paid vs TSR · XBRL (Item 402(v))CEO comp actually paidAvg other NEOTSR (indexed, right)
Pay vs Performance — Detail
| FY | CEO Paid | Avg NEO Paid | TSR | Net Income |
|---|---|---|---|---|
| 2025 | $60.3M | $21.7M | 115.0 | $-661.4M |
| 2024 | $13.4M | $10.3M | 57.0 | $-72.4M |
| 2023 | $2.4M | $5.4M | 24.0 | $-73.4M |
| 2022 | $2.4M | $712.1K | 7.0 | $-90.8M |
| 2021 PEO: Glenn Sandgren | $820.2K | $405.7K | 151.0 | $-95.7M |
TSR = value of $100 invested at the earliest disclosed fiscal year end · “actually paid” per SEC 402(v) methodology · source filing
Summary Compensation Table extracted from SEC DEF 14A proxy statements (Claude-assisted, analyst-reviewed before publication; source quotes pinned per figure). Pay-versus-performance from Inline XBRL (ECD taxonomy) with HTML fallback where issuer tagging is incomplete. Updated annually on proxy filing (~120 days after fiscal year end).