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TeraWulf/$WULF

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About TeraWulf

TeraWulf Inc develops and operates large-scale digital infrastructure designed for AI and high-performance computing workloads. The Company owns and operates energy infrastructure across key U.S. power markets, providing large-scale, contiguous power capacity for next-generation compute. Its strategic sites offer direct grid connectivity and, in select locations, integrated generation, creating a foundation for scalable compute infrastructure. Built on deep expertise in energy markets and grid integration, TeraWulf approaches compute infrastructure from the foundation up- securing power, developing scalable sites, and operating with disciplined execution.
Ticker
$WULF
Sector
Software & Cloud Services
Primary listing
NASDAQ
Employees
141

TeraWulf Metrics

BasicAdvanced
$6.7B
-
-$4.51
4.29
-

What the Analysts think about TeraWulf

Analyst ratings (Buy, Hold, Sell) for TeraWulf stock.
Analyst projections of the future price of TeraWulf stock.

Bulls say / Bears say

TeraWulf’s 20-year Anthropic lease covers about 401 MW and is expected to generate roughly $19 billion in contracted revenue, giving the company a substantial long-term customer commitment as it builds out its AI infrastructure. (TeraWulf)
The shift towards HPC is already showing up in revenue: lease revenue rose 52% quarter on quarter to $31.9 million, or about 71% of second-quarter sales. TeraWulf had 102 MW generating revenue at Lake Mariner by early July, with another 336 MW under construction. (TeraWulf)
The expanded Muskie agreement raises contracted power capacity to 1 GW and brings the targeted delivery of its second 500 MW phase forward to 2029 from 2030. That could give TeraWulf more room to serve future AI customers, although approval and the utility’s construction schedule remain conditions. (TeraWulf)
The expansion is costly to finance: TeraWulf reported $2.7 billion of net debt and negative adjusted EBITDA of $18.3 million for the second quarter. Continued losses while capacity is being built leave the company reliant on its substantial cash balance and access to funding. (TeraWulf)
Build-out costs and delivery remain execution risks. Management estimated Lake Mariner project costs at about $9.1 million per critical IT MW, up from the $8.6 million financed estimate, citing electrical labour constraints and changing customer requirements. (The Motley Fool)
Muskie’s added capacity is not yet backed by a named tenant, and the amended service arrangement still needs regulatory approval and depends on utility construction. TeraWulf says it plans to seek more secured debt for utility-related credit support, with no guarantee that financing will be available. (Rackline, SEC)
Data summarised monthly by Lightyear AI. Last updated on 14 Oct 2026.

TeraWulf Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

TeraWulf Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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