AI TRENDS | TEM AI Infrastructure Growth Index Falls 16% as Executives File and Report Stock Sales

The TEM AI Infrastructure Growth Index fell 16% over the past month, alongside a series of disclosed share sales and filings by executives at several AI infrastructure-related firms. According to Odaily, Beowulf E&D Holdings, managed by TeraWulf Chairman and CEO Paul Prager, sold 275,000 shares of TeraWulf on June 29 at an average price of $26.596 per share, generating about $7.3 million in gross proceeds. Odaily reported that since late March, Prager and entities he manages have sold about 1.59 million TeraWulf shares for roughly $32.7 million in total gross proceeds. TeraWulf announced on July 6 that it reached a 20-year AI infrastructure leasing agreement with Anthropic. The company said the deal is expected to generate about $19 billion in contract revenue over the initial term and support about 401 megawatts of critical IT load. Cipher Digital CEO Tyler Page filed on July 8 to sell 112,500 shares of CIFR, with a market value of about $2.38 million. Riot Platforms CEO Jason Les sold 175,000 shares in May valued at about $4.2 million, and sold 250,000 shares on June 22 with a market value of $7.03 million. Core Scientific Chief Legal and Administrative Officer Todd DuChene filed on July 6 to sell 140,000 shares, with a market value of $3 million. IREN’s board approved grants of 9,099,328 restricted stock units each to co-CEOs William Roberts and Daniel Roberts on June 30.