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TERAWULF INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and TERAWULF INC.’s Form 8-K, filed 2025-05-07 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 12Ballot items
  • 205Asset managers
  • 2,221Fund votes
  • 2025-05-05Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore TERAWULF INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by TERAWULF INC.

These tallies are TERAWULF INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-07 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

TERAWULF INC. — official shareholder meeting results, meeting held 2025-05-05
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Paul Prager 151,766,724---- 2,334,52994,858,561 Majority: yes
Elect Director: Nazar Khan 149,404,700---- 4,696,55394,858,561 Majority: yes
Elect Director: Kerri Langlais 149,394,097---- 4,707,15694,858,561 Majority: yes
Elect Director: Michael Bucella 152,362,476---- 1,738,77794,858,561 Majority: yes
Elect Director: Walter Carter 152,370,758---- 1,730,49594,858,561 Majority: yes
Elect Director: Amanda Fabiano 152,402,872---- 1,698,38194,858,561 Majority: yes
Elect Director: Catherine Motz 152,257,037---- 1,844,21694,858,561 Majority: yes
Elect Director: Steven Pincus 145,673,466---- 8,427,78794,858,561 Majority: yes
Elect Director: Lisa Prager 139,079,484---- 15,021,76994,858,561 Majority: yes
Proposal 2 - Non-binding, Advisory Vote on Executive Compensation: Our shareholders approved the 2024 compensation of TeraWulf's named executives. 113,214,63140,150,413736,209 --94,858,561 Majority: yes
Proposal 3 - Ratification of appointment of Deloitte & Touche LLP ("Deloitte") as TeraWulf's Independent Registered Public Accounting Firm for 2025: Our shareholders ratified the selection of Deloitte as our independent registered public ac 246,403,1861,546,5621,010,066 --0 Majority: yes
Proposal 4 - Approval of Amendment to the 2021 Omnibus Incentive Plan to increase the number of available shares thereunder: Our shareholders approved the amendment to our 2021 Omnibus Incentive Plan. 133,481,25819,700,540919,455 --94,858,561 Majority: yes

Source: TERAWULF INC., Form 8-K, filed with the SEC on 2025-05-07 — read the filing on EDGAR.

How asset managers voted at the TERAWULF INC. 2024-2025 meeting

Each item below shows how the 205 asset managers that disclosed a TERAWULF INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-Pay").

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 12 wordings of this item as funds reported it.

74% Majority: yes · of votes cast

FOR 74%AGAINST 26%
FOR: 113,214,631AGAINST: 40,150,413

TERAWULF INC.’s own tally for this item (“Proposal 2 - Non-binding, Advisory Vote on Executive Compensation: Our shareholders approved the 2024 compensation of TeraWulf's named executives.”): 113,214,631 for, 40,150,413 against, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 28% for, 10% against (38% of the company cast a for/against vote).

The 200 asset managers below cast 42% of the shares they voted on this item FOR (30,482,239 for, 42,376,329 against).

FOR 42%AGAINST 58%
FOR: 30,482,239 (41.7%)AGAINST: 42,376,329 (58.0%)ABSTAIN: 206,517 (0.3%)NOT VOTED: 0 (0.0%)
Largest asset managers voting on “The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-P” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard18,030,3737,367 00For
BlackRock162,5856,555,657 00Against
Charles Schwab04,959,591 00Against
SCOGGIN MANAGEMENT LP04,000,000 00Against
State Street2,893,22274,305 00For
ARDSLEY ADVISORY PARTNERS LP02,674,019 00Against
Senator Investment Group LP02,183,600 00Against
Valkyrie ETF Trust II01,913,368 00Against
Wellington01,814,624 00Against
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Clearbridge Investments, LLC01,613,490 00Against
Duquesne Family Office LLC1,472,2250 00For
Northern Trust1,431,47640,545 00For
Fidelity7,1051,270,205 00Against
Legg Mason01,251,000 00Against
Putnam01,039,393 00Against
AXXCESS WEALTH MANAGEMENT, LLC1,000,0000 00For
First Trust458829,876 00Against
Global X0785,326 00Against
Universal-Investment-Gesellschaft mbH0665,962 00Against
Hartford0635,789 00Against
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC0624,715 00Against
VAN ECK ASSOCIATES CORP0571,050 00Against
VanEck ETF Trust0571,050 00Against
GEODE CAPITAL MANAGEMENT, LLC0545,017 00Against

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

2. THE APPROVAL OF AN AMENDMENT TO THE 2021 OMNIBUS INCENTIVE COMPENSATION PLAN TO INCREASE THE NUMBER OF AVAILABLE SHARES THEREUNDER.

COMPENSATIONMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%13%
FOR: 133,481,258AGAINST: 19,700,540

TERAWULF INC.’s own tally for this item (“Proposal 4 - Approval of Amendment to the 2021 Omnibus Incentive Plan to increase the number of available shares thereunder: Our shareholders approved the amendment to our 2021 Omnibus Incentive Plan.”): 133,481,258 for, 19,700,540 against, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 33% for, 5% against (38% of the company cast a for/against vote).

The 65 asset managers below cast 83% of the shares they voted on this item FOR (32,496,487 for, 6,622,257 against).

FOR 83%AGAINST 17%
FOR: 32,496,487 (82.7%)AGAINST: 6,622,257 (16.9%)ABSTAIN: 170,825 (0.4%)
Largest asset managers voting on “THE APPROVAL OF AN AMENDMENT TO THE 2021 OMNIBUS INCENTIVE COMPENSATION PLAN TO INCREASE THE NUMBER OF AVAILAB” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II01,913,368 00Against
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason01,251,000 00Against
AXXCESS WEALTH MANAGEMENT, LLC1,000,0000 00For
First Trust0829,876 00Against
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam0519,613 00Against
Union Investment Privatfonds GmbH0449,680 00Against
EXCHANGE TRADED CONCEPTS TRUST0433,857 00Against
Equitable69,382244,379 00Against
Guardian Variable Products Trust0291,500 00Against
Siren ETF Trust244,1110 00For
Lincoln Financial193,30046,277 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs0132,006 00Against
Northern Trust122,6150 00For

Showing the 25 largest of 65 asset managers. See all 65 in the interactive database.

3. The ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025; and

AUDIT-RELATEDMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 246,403,186AGAINST: 1,546,562

TERAWULF INC.’s own tally for this item (“Proposal 3 - Ratification of appointment of Deloitte & Touche LLP ("Deloitte") as TeraWulf's Independent Registered Public Accounting Firm for 2025: Our shareholders ratified the selection of Deloitte as our independent ”): 246,403,186 for, 1,546,562 against, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 60% for, 0.4% against (61% of the company cast a for/against vote).

The 59 asset managers below cast 100% of the shares they voted on this item FOR (37,548,593 for, 0 against).

FOR 99.4%
FOR: 37,548,593 (99.5%)ABSTAIN: 190,825 (0.5%)
Largest asset managers voting on “The ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public ac” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 59 asset managers. See all 59 in the interactive database.

4. Election of directors: Amanda Fabiano

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 152,402,872WITHHELD: 1,698,381

TERAWULF INC.’s own tally for this item (“Elect Director: Amanda Fabiano”): 152,402,872 for, 1,698,381 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 0.5% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,520,600 for, 0 against).

FOR 99.4%
FOR: 37,520,600 (99.5%)ABSTAIN: 198,818 (0.5%)
Largest asset managers voting on “Election of directors: Amanda Fabiano” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

5. Election of directors: Catherine Motz

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 152,257,037WITHHELD: 1,844,216

TERAWULF INC.’s own tally for this item (“Elect Director: Catherine Motz”): 152,257,037 for, 1,844,216 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 0.5% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,520,600 for, 0 against).

FOR 99.4%
FOR: 37,520,600 (99.5%)ABSTAIN: 198,818 (0.5%)
Largest asset managers voting on “Election of directors: Catherine Motz” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

6. Election of directors: Kerri Langlais

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 149,394,097WITHHELD: 4,707,156

TERAWULF INC.’s own tally for this item (“Elect Director: Kerri Langlais”): 149,394,097 for, 4,707,156 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 1% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,241,664 for, 0 against).

FOR 99%
FOR: 37,241,664 (98.7%)ABSTAIN: 477,754 (1.3%)
Largest asset managers voting on “Election of directors: Kerri Langlais” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial46,2770 193,3000Abstain
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

7. Election of directors: Lisa Prager

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%
FOR: 139,079,484WITHHELD: 15,021,769

TERAWULF INC.’s own tally for this item (“Elect Director: Lisa Prager”): 139,079,484 for, 15,021,769 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 34% for, 4% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (33,244,012 for, 0 against).

FOR 88%12%
FOR: 33,244,012 (88.1%)ABSTAIN: 4,475,406 (11.9%)
Largest asset managers voting on “Election of directors: Lisa Prager” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab00 2,479,7740Abstain
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X00 783,9850Abstain
Hartford635,7890 00For
VanEck ETF Trust00 571,0500Abstain
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial46,2770 193,3000Abstain
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM00 113,4310Abstain
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

8. Election of directors: Michael Bucella

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 152,362,476WITHHELD: 1,738,777

TERAWULF INC.’s own tally for this item (“Elect Director: Michael Bucella”): 152,362,476 for, 1,738,777 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 0.5% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,548,593 for, 0 against).

FOR 99.5%
FOR: 37,548,593 (99.5%)ABSTAIN: 170,825 (0.5%)
Largest asset managers voting on “Election of directors: Michael Bucella” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

9. Election of directors: Nazar Khan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 149,404,700WITHHELD: 4,696,553

TERAWULF INC.’s own tally for this item (“Elect Director: Nazar Khan”): 149,404,700 for, 4,696,553 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 1% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,241,664 for, 0 against).

FOR 99%
FOR: 37,241,664 (98.7%)ABSTAIN: 477,754 (1.3%)
Largest asset managers voting on “Election of directors: Nazar Khan” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial46,2770 193,3000Abstain
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

10. Election of directors: Paul Prager

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 151,766,724WITHHELD: 2,334,529

TERAWULF INC.’s own tally for this item (“Elect Director: Paul Prager”): 151,766,724 for, 2,334,529 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 0.6% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,547,336 for, 0 against).

FOR 99.5%
FOR: 37,547,336 (99.5%)ABSTAIN: 172,082 (0.5%)
Largest asset managers voting on “Election of directors: Paul Prager” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

11. Election of directors: Steven Pincus

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 145,673,466WITHHELD: 8,427,787

TERAWULF INC.’s own tally for this item (“Elect Director: Steven Pincus”): 145,673,466 for, 8,427,787 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 36% for, 2% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (33,024,738 for, 0 against).

FOR 88%12%
FOR: 33,024,738 (87.6%)ABSTAIN: 4,694,680 (12.4%)
Largest asset managers voting on “Election of directors: Steven Pincus” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock5520 3,430,7700Abstain
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity496,9860 773,2190Abstain
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable244,3790 69,3820For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC00 105,5970Abstain

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

12. Election of directors: Walter Carter

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 152,370,758WITHHELD: 1,730,495

TERAWULF INC.’s own tally for this item (“Elect Director: Walter Carter”): 152,370,758 for, 1,730,495 withheld, per its Form 8-K filed 2025-05-07 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 408,198,263 outstanding shares: 37% for, 0.5% withheld (38% of the company cast a for/withheld vote).

The 58 asset managers below cast 100% of the shares they voted on this item FOR (37,520,600 for, 0 against).

FOR 99.4%
FOR: 37,520,600 (99.5%)ABSTAIN: 198,818 (0.5%)
Largest asset managers voting on “Election of directors: Walter Carter” at TERAWULF INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard17,971,4690 00For
BlackRock3,431,3220 00For
Charles Schwab2,479,7740 00For
Valkyrie ETF Trust II1,913,3680 00For
NORTHERN LIGHTS FUND TRUST II1,750,0000 00For
Fidelity1,270,2050 00For
Legg Mason1,251,0000 00For
First Trust829,8760 00For
Global X783,9850 00For
Hartford635,7890 00For
VanEck ETF Trust571,0500 00For
Amplify ETF Trust540,8070 00For
Northwestern Mutual524,2660 00For
Putnam519,6130 00For
EXCHANGE TRADED CONCEPTS TRUST433,8570 00For
Equitable313,7610 00For
Guardian Variable Products Trust291,5000 00For
Siren ETF Trust244,1110 00For
Lincoln Financial239,5770 00For
Northern Lights Fund Trust IV198,5300 00For
ETF Opportunities Trust00 164,1580Abstain
Goldman Sachs132,0060 00For
Northern Trust122,6150 00For
TIFF INVESTMENT PROGRAM113,4310 00For
QUANTITATIVE MASTER SERIES LLC105,5970 00For

Showing the 25 largest of 58 asset managers. See all 58 in the interactive database.

Largest TERAWULF INC. shareholders voting in 2024-2025

Ranked by the number of TERAWULF INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 408,198,263 shares outstanding at the time of that meeting.

Top TERAWULF INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 4.42%
2BlackRock 1.65%
3Charles Schwab 1.21%
4SCOGGIN MANAGEMENT LP 0.98%
5State Street 0.73%
6ARDSLEY ADVISORY PARTNERS LP 0.66%
7Senator Investment Group LP 0.53%
8Valkyrie ETF Trust II 0.47%
9Wellington 0.44%
10NORTHERN LIGHTS FUND TRUST II 0.43%

Reported TERAWULF INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

TERAWULF INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Paul B. Prager 10.62% 13D
BANK OF NOVA SCOTIA 6.71% 13G
BlackRock 5.94% 13F
Vanguard Group 5.85% 13F
Lone Pine Capital LLC 5.33% 13G
Bayshore Capital LLC 4.86% 13D
Citadel Advisors 3.26% 13F
Geode Capital 2.06% 13F
State Street 1.82% 13F
Dimensional Fund Advisors 1.64% 13F

Percentages above are of 408,198,263 shares outstanding, as reported by TERAWULF INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from TERAWULF INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At TERAWULF INC.'s shareholder meeting held 2025-05-05, in the 2024-2025 proxy season, 205 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 2,221 separate fund positions. On the most widely held item on that ballot — The approval, on a non-binding, advisory basis, of the compensation of our named executive… — FOR was 74% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: TERAWULF INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-07.

TERAWULF INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.