TeraWulf Inc.

TeraWulf Inc.

10.08
USD
-1.62
(-13.85%)
-4.57EPS
12.32BMarket Cap
Nov 06Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.14
0.33
0.4
0.42
0.39
Basic EPS, GAAP
- -
-0.83
-0.35
-0.21
-1.66
-4.57
Free Cash Flow per Basic Share
- -
-0.97
-0.34
-0.83
-2.98
-5.87
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
100
111
210
351
398
426
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

USD

•

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

USD

•

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

USD

•

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

USD

•

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

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.03
-0.06
-0.08
-0.21
2025
-0.16
-0.05
-1.13
-0.32
-1.66
2026
-1.01
-1.94
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

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

Company Description

CEO
Paul B. Prager
Full Time Employees
141
Sector
Technology services
Industry
Data processing services
Address
9 Federal Street Easton MD United States 21601
IPO Date
Oct 27, 1993
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

  • The AI Bet Is Paying Off for TeraWulf and Its Big Buildout Is Just Getting Started

  • TeraWulf Reports Third Quarter 2026 Results

  • Applied Digital Plunges 17%, Cipher Digital Sinks 14%, TeraWulf Tumbles 13% as Texas Data Center Fears Deepen

  • TeraWulf Set to Report Q3 Earnings: What's in Store for the Stock?

  • Polen 5Perspectives Small Growth Composite Q3 2026 Portfolio Attribution And Activity

  • Fluor Signs EPC Contract with TeraWulf for Large-Scale Data Center Campus in Kentucky

  • TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9%

  • TeraWulf gets credit backstop from Google for Anthropic data-center project

  • TeraWulf Secures Google Credit Backstop for Project Financing in Support of $19 Billion Anthropic Lease; Executes Definitive Fluor EPC Agreement

  • Cipher Digital Soars 11% as AI Data Center Stocks Rebound After Price-Target Selloff; IREN Jumps 10%, TeraWulf Surges 9%

  • Cipher Digital Falls 5% on Revenue Miss and Keefe Bruyette Target Cut; TeraWulf and IREN Drop 4%

  • Cipher Digital And TeraWulf Vs. CoreWeave: Less Debt, More Upside

  • Earnings Preview: TeraWulf Inc. (WULF) Q3 Earnings Expected to Decline

  • AI Infrastructure Stocks Rise as Rebound From Steep Selloff Extends: Cipher Digital Jumps 8%, IREN Climbs 7%, TeraWulf Gains 5%

  • TeraWulf Jumps 7% as CEO Pushes Back on Stranded Data Center Fears; Cipher Digital Rises 3%, Applied Digital Edges Higher

  • TeraWulf Inc. (NASDAQ:WULF) Stock Has Consensus Target Price of $32.52

  • IREN vs. TeraWulf: Which AI Infrastructure Stock Carries Less Risk Now?

  • TeraWulf Jumps 8% as CEO Says Power Demand Remains ‘Extremely Strong'; Applied Digital Surges 9%, IREN Climbs 6%

  • IREN Sinks 6%, Then Recovers After Co-CEO's No-Debt Reassurance as Neocloud Worries Persist; TeraWulf and Applied Digital Rise 3%

  • AI Infrastructure Stocks Rally as Selloff Reverses: Applied Digital Jumps 8%, TeraWulf and IREN Rise 6%