TeraWulf Inc.

TeraWulf Inc.

WULF
TeraWulf Inc.US flagNASDAQ
17.38
USD
+1.07
- -
8.61BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.14
0.33
0.4
0.42
0.38
Basic EPS, GAAP
- -
-0.83
-0.35
-0.21
-1.66
-4.46
Free Cash Flow per Basic Share
- -
-0.97
-0.34
-0.83
-2.98
-5.73
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.28
0.75
0.77
0.61
0.33
0.3
Tangible Book Value per Share
0.28
0.75
0.77
0.61
0.2
0.18
Basic Weighted Avg Shares
- -
111
210
351
398
437
Sales/Revenue/Turnover
- -
15
69
140
168
165
Operating Margin (%)
- -
-285.09
-40.94
-43.26
-101.1
-228.23
Depreciation Expense
- -
7
29
61
93
111
Net Income, GAAP
- -
-91
-73
-72
-661
-1,949
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-603.94
-106.06
-51.71
-392.64
-1,179.94
Working Capital
5
-112
-92
230
1,742
-957
LT Debt
- -
74
1
491
4,658
4,042
Total Equity
28
118
222
244
140
148
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-133.93
-46.31
-32.3
-352.18
-1,248.1

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
538
635
1,195
LT Borrowings
4,635
4,657
4,020
LT Finance Leases
23
22
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
420
425
499
Market Capitalization
4,827
6,133
12,324

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,478
2,867
2,807
Cash, Cash Equivalents & STI
3,266
2,630
2,619
Accounts Receivable, Net
1
6
13
Inventories
- -
- -
- -
Total Current Liabilities
1,736
2,385
3,764
Payables & Accruals
293
545
543
ST Debt
538
635
1,195
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-42.55%
Free Cash Flow
- -
- -
304.76%
Net Income, GAAP
- -
- -
813.33%
Sales/Revenue/Turnover
- -
- -
20.28%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
36
27
35
140
2025
34
48
51
36
168
2026
34
45
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.03
-0.06
- -
-0.21
2025
-0.16
-0.05
-1.13
- -
-1.66
2026
-1.01
-1.94
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Paul Prager
Full Time Employees
141
Sector
Technology
Industry
Software - Application
Address
9 Federal Street Easton MD United States of America 21601
IPO Date
Apr 5, 1994
Business
TeraWulf Inc. TeraWulf Inc. (NASDAQ: WULF), founded in 2021 and headquartered in Easton, Maryland, develops, owns and operates environmentally sustainable, industrial-scale digital infrastructure facilities in the United States, purpose-built for bitcoin mining and high-performance computing (HPC) hosting powered predominantly by low-cost, zero-carbon energy sources including nuclear, hydro and solar. The company provides proprietary bitcoin mining through its WULF Mining subsidiary, utilizing fleets of application-specific integrated circuit miners at facilities such as the Lake Mariner campus in Western New York, which supports up to 500 megawatts (MW) of scalable capacity; HPC colocation and hosting services via WULF Compute for GPU-based workloads, artificial intelligence, machine learning and cloud computing applications; and hash computation services to mining pool operators for bitcoin network transaction validation, with additional capabilities in power generation assets, electrical infrastructure development and ancillary grid services. TeraWulf operates primarily in New York and Pennsylvania, with expansion into Texas through joint ventures, targeting enterprise, hyperscale and digital asset customers seeking energy-efficient compute solutions. In 2025, the company executed transformational growth initiatives, including over 520 MW of long-term HPC leases at Lake Mariner with Core42 and Fluidstack backed by Google credit enhancements totaling more than $17 billion in contracted revenue; formation of the Abernathy Joint Venture in Texas via subsidiary Big Country Wulf LLC, securing up to 51% controlling interest in a 240 MW initial HPC campus expandable to 600 MW under a 25-year Fluidstack lease supported by $1.3 billion Google backing; completion of over $5 billion in financings comprising $1.0 billion 1.00% Convertible Notes due 2031, $3.2 billion 7.75% Senior Secured Notes due 2030 and $1.025 billion 0.00% Convertible Notes due 2032 to fund expansions; an 80-year lease at the Cayuga site in Lansing, New York, for HPC deployment starting 2027; and a target of 250-500 MW annual new HPC contracted capacity.

Company News

APIChatGPT
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  • TeraWulf Q2 Earnings Call Highlights HPC Execution and Expansion

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  • MARA Holdings Falls 7%, Cipher Mining Drops 6%, TeraWulf Slides 4% as Q2 Losses Outweigh Bitcoin's $65K Push

  • TeraWulf Q2 Earnings Call Highlights

  • TeraWulf Inc. (WULF) Q2 2026 Earnings Call Transcript

  • TeraWulf Inc. (WULF) Reports Q2 Loss, Beats Revenue Estimates

  • TeraWulf Reports Second Quarter 2026 Results

  • TeraWulf to Post Q2 Earnings: Is the Stock a Portfolio Must-Have?

  • Bitcoin Miners Are Striking It Big With a Pivot Into AI. Here's the 1 Bitcoin Mining Stock I'm Buying Right Now.

  • Comparing mPhase Technologies (OTCMKTS:XDSL) & TeraWulf (NASDAQ:WULF)

  • TeraWulf Inc. $WULF Stock Position Lessened by First Trust Advisors LP

  • TeraWulf and Cipher Digital Are up 50% in 2026 While IREN Lags Behind. Is It Time to Buy IREN for a Catch-Up Trade?

  • IREN, TeraWulf, and Applied Digital Are All Down 30% in a Month. Is More Pain Coming for Data Center Stocks?

  • Earnings Preview: TeraWulf Inc. (WULF) Q2 Earnings Expected to Decline

  • TeraWulf and Cipher Digital Drop Even As Wall Street Hikes Targets Above $30: Best Setup for 2026?

  • Here Are Monday’s Top Wall Street Analyst Research Calls: Alphabet, Clean Harbors, Ford, Huntington Bancshares, Rivian, Rocket Lab, Terawulf, Vale, Warner Bros. Discovery, and More