TeraWulf Inc.

TeraWulf Inc.

WULF
TeraWulf Inc.US flagNASDAQ
11.68
USD
-0.94
- -
5.83BMarket 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

  • Applied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2%

  • TeraWulf Stock Keeps Falling, but Morgan Stanley Sees 463% Upside

  • Polen 5Perspectives Small-Mid Growth Q3 2026 Portfolio Update

  • TeraWulf: The AI Infrastructure Transformation Is Taking Shape

  • TeraWulf Schedules Conference Call for Third Quarter 2026 Financial Results

  • Here Are Monday’s Top Wall Street Analyst Research Calls: Adobe, Biogen, First Solar, GoDaddy, Hubspot, Palantir Technologies, Robinhood Markets, Snowflake, TeraWulf, T-Mobile US and More

  • Bitcoin Slide Meets 5.7% Bond Yields: Neoclouds Get Hit From Both Sides

  • Cipher Digital Tumbles 6% as Data Center Names Sell Off With Yields Higher; TeraWulf Falls 5%, Applied Digital Pulls Back

  • IREN Falls 7% as Financing-Heavy Data Center Names Sell Off Apart From Their Sector Fund; TeraWulf and Core Scientific Drop 5%

  • Applied Digital Climbs 3% as Finland Deal Opens Access to 1 GW Ahead of Earnings; TeraWulf and Core Scientific Tick Up

  • Nasdaq Nabs Another Record as PMI Data Rolls In

  • TeraWulf Slides 5% Despite Doubling Muskie Power Contract to 1 Gigawatt; Core Scientific Drops 3%, Riot Eases

  • Kentucky Power, TeraWulf Finalize Expanded Agreement Providing for $100 Million in Customer Benefits

  • TeraWulf Expands Contracted Power Capacity at its Muskie Data Campus to 1 GW

  • TeraWulf Spikes 7% as Digital Power Stocks Rebound; IREN Climbs 6%, Cipher Digital Rises 4%

  • Crypto ETFs: Resilience Defines a Changing Market

  • Cipher Digital Slips 3% Despite 20-year Barber Lake Lease Extension; TeraWulf Retreats 2%, IREN Limited Treads Water

  • AI Data Center Leases Stretch to 20 Years as Power Becomes the Asset

  • Applied Digital Falls 6% Despite $70 Buy Initiation at Jones Trading; TeraWulf and Core Scientific Drop 4%

  • Here Are Monday’s Top Wall Street Analyst Research Calls: Applied Digital, Autodesk, Datadog, First Solar, L3Harris Technologies, PepsiCo, Roblox, Snowflake, TeraWulf and More