TeraWulf Inc.

TeraWulf Inc.

WULF
TeraWulf Inc.US flagNASDAQ
15.44
USD
-0.30
- -
7.65BMarket 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

CEO
Paul Prager
Full Time Employees
141
Sector
Financial Services
Industry
Financial - Capital Markets
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

  • Cipher Digital Jumps 4% as Barber Lake Lease Extension Lifts Contracted Revenue Past $9B; TeraWulf and Applied Digital Gain 2%

  • UBS turns bullish on five AI data center stocks

  • Hut 8, TeraWulf, Applied Digital: UBS Sees at Least 30% Upside

  • UBS turns bullish on five AI data center stocks

  • Century Lithium eyes chlor-alkali plant as independent revenue driver, Noble says

  • Financial Analysis: SAP (NYSE:SAP) and TeraWulf (NASDAQ:WULF)

  • Wolfspeed Climbs 6%, IREN Rises 4% as Buyers Pick Single Names Over the AI Infrastructure Sector; TeraWulf Sits Tight

  • Applied Digital and TeraWulf Climb 5% as Oversold AI Capacity Names Bounce; Cipher Digital Edges Higher

  • TeraWulf Rallies 7% as AI Hosting Bid Returns; Core Scientific Jumps 7%, IREN Rises 3%

  • TeraWulf Inc (WULF) Stock Down 6.3% but Still Overvalued -- GF Score: 38/100

  • TeraWulf Falls 5% as AI Infrastructure Names Extend a Month-Long Slide; IREN Drops 4%, Applied Digital Declines 3%

  • TeraWulf Rallies 7% as Miner Selloff Reverses; Applied Digital Gains 4%, IREN Sits Out the Rally

  • Bitcoin Miners Are Turning Into AI Landlords. These 3 Stocks Are Riding the Pivot

  • TeraWulf Drops 4% on Profit Taking After a 44% YTD Run; Applied Digital Falls 3%, IREN Pulls Back

  • Here Are Tuesday’s Top Wall Street Analyst Research Calls: Amgen, Baidu, Best Buy, Circle Internet, Corning, Intel, Lockheed Martin SpaceX, TeraWulf and More

  • Data Center Stocks Rally With Bitcoin: Cipher Mining Jumps 12%, TeraWulf Surges 8%, IREN Rises 4%

  • IREN Sinks 4% as Rising Yields Reverse Monday’s Rally, TeraWulf Falls 4%, Cipher Mining Drops 6%

  • TeraWulf CEO Paul Prager Sells 137,500 Shares for $2.3 Million

  • Beacon Pointe Advisors LLC Makes New $1.89 Million Investment in TeraWulf Inc. $WULF

  • Applied Digital Sinks 7%, IREN Tumbles 13% as Data Center Selloff Broadens Past One Name