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TeraWulf Inc
(NASDAQ:WULF)
TeraWulf Inc (WULF) vs. SPDR S&P 500 ETF (SPY)
TeraWulf Inc Business Overview & Revenue Model
TeraWulf Inc Earnings Call Summary
TeraWulf Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.60M | 140.05M | 69.23M | 15.03M | 0.00 | 13.43M |
| Gross Profit | 84.21M | 77.44M | 41.91M | 3.95M | -52.00K | 3.91M |
| EBITDA | -486.70M | -17.41M | 161.00K | -38.83M | -43.35M | 135.29K |
| Net Income | -564.03M | -72.42M | -73.42M | -90.79M | -95.68M | -439.32K |
Balance Sheet | ||||||
| Total Assets | 2.45B | 787.51M | 378.11M | 317.69M | 264.91M | 30.00M |
| Cash, Cash Equivalents and Short-Term Investments | 711.81M | 274.06M | 54.44M | 1.28M | 46.45M | 6.30M |
| Total Debt | 1.09B | 491.25M | 124.47M | 129.31M | 95.71M | 95.71M |
| Total Liabilities | 2.21B | 543.07M | 155.62M | 199.93M | 141.73M | 1.74M |
| Stockholders Equity | 247.34M | 244.44M | 222.49M | 117.75M | 123.18M | 28.27M |
Cash Flow | ||||||
| Free Cash Flow | -676.56M | -292.36M | -70.91M | -106.92M | -133.17M | -563.65K |
| Operating Cash Flow | -77.73M | -24.42M | 4.26M | -34.07M | -24.10M | -398.83K |
| Investing Cash Flow | -341.09M | -91.16M | -78.01M | -94.05M | -201.41M | 2.06M |
| Financing Cash Flow | 1.11B | 335.21M | 119.87M | 89.98M | 271.97M | 1.07M |
TeraWulf Inc Technical Analysis
TeraWulf Inc Risk Analysis
TeraWulf Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $6.00B | 47.89 | 5.24% | ― | 103.62% | 49.48% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $4.36B | 6.38 | 23.13% | ― | 53.51% | 112.53% | |
63 Neutral | $770.35M | 6.13 | 22.44% | ― | 9.52% | 496.04% | |
55 Neutral | $7.78B | ― | -9.69% | ― | 35.41% | -38.08% | |
54 Neutral | $6.49B | ― | -181.95% | ― | 30.58% | -752.41% | |
38 Underperform | $3.32B | -4.78 | -2.75% | ― | ― | ― |
TeraWulf Inc Corporate Events
The recent earnings call for TeraWulf Inc. painted a picture of mixed sentiment, with notable strategic achievements and financial milestones, particularly in the high-performance computing (HPC) segment and new partnerships. However, the call also revealed significant challenges, including a substantial net loss, decreased Bitcoin mining, and increased operating expenses. Despite these hurdles, the positive developments and future growth potential in the HPC segment seemed to outweigh the negatives, suggesting a cautiously optimistic outlook for the company.
TeraWulf Inc. is a company that develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, focusing on high-performance computing (HPC) hosting and bitcoin mining.
In the third quarter of 2025, TeraWulf Inc. achieved significant milestones in its operations and financial strategies, marking a transformational period for the company. The company commenced recurring HPC lease revenue, secured over $17 billion in long-term customer contracts, and completed more than $5 billion in long-term financings to support its expanding platform. TeraWulf’s Lake Mariner Campus in New York has energized substantial Bitcoin-mining and HPC capacities, and the company has formed a joint venture in Texas to further expand its footprint. The company’s financial results for the quarter showed an 87% increase in revenue year-over-year, driven by higher bitcoin prices and expanded mining capacity.
The most recent analyst rating on (WULF) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 31, 2025, TeraWulf Inc. completed a private offering of 0.00% Convertible Senior Notes due 2032, raising $1.025 billion. The net proceeds of approximately $999.7 million will be used to fund the construction of a data center campus in Abernathy, Texas, and for general corporate purposes. This strategic move is expected to enhance TeraWulf’s infrastructure capabilities, reinforcing its position in the digital infrastructure industry and potentially benefiting stakeholders through expanded operational capacity.
The most recent analyst rating on (WULF) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 29, 2025, TeraWulf Inc. announced an upsize and pricing of its $900 million private offering of 0.00% Convertible Senior Notes due 2032, aimed at qualified institutional buyers. The proceeds, estimated at $877.6 million, will fund part of a data center campus in Abernathy, Texas, and general corporate purposes. The offering is expected to close on October 31, 2025, and the notes will be convertible into cash or shares, with specific conditions for conversion and redemption. This move is significant for TeraWulf’s expansion in digital infrastructure and its commitment to sustainable operations, impacting its market positioning and stakeholder interests.
The most recent analyst rating on (WULF) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 29, 2025, TeraWulf Inc. announced its intention to offer $500 million in convertible senior notes due 2032 in a private offering to qualified institutional buyers, with an option for initial purchasers to buy an additional $75 million. The proceeds are intended to fund a data center campus in Abernathy, Texas, and for general corporate purposes, potentially impacting the company’s growth and market position in the digital infrastructure industry.
The most recent analyst rating on (WULF) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 28, 2025, TeraWulf Inc. announced a joint venture with Fluidstack to develop a 168 MW data center campus in Abernathy, Texas, with TeraWulf holding a 51% stake. The project, supported by a $1.3 billion Google backstop, is expected to generate $9.5 billion in revenue over a 25-year lease, enhancing TeraWulf’s growth strategy by expanding its contracted HPC platform to over 510 MW.
The most recent analyst rating on (WULF) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 23, 2025, WULF Compute LLC, a subsidiary of TeraWulf Inc., completed a private offering of $3.2 billion in 7.750% Senior Secured Notes due 2030. The proceeds will fund the expansion of its data center at the Lake Mariner campus. The notes have specific amortization and redemption terms, with TeraWulf providing guarantees to ensure the project’s completion. This financial move aims to bolster TeraWulf’s infrastructure and market position in the data center sector.
The most recent analyst rating on (WULF) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 16, 2025, TeraWulf Inc. announced that its subsidiary, WULF Compute LLC, has priced a $3.2 billion offering of 7.750% senior secured notes due 2030. The proceeds from this offering will be used to finance the expansion of its data center at the Lake Mariner campus in Barker, New York. The notes will be secured by first-priority liens on various assets and are expected to close on October 23, 2025, subject to market conditions. This move is significant for TeraWulf as it supports their growth strategy in the digital infrastructure sector and enhances their market positioning by expanding their data center capabilities.
The most recent analyst rating on (WULF) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
TeraWulf Inc. announced that its subsidiary, WULF Compute LLC, plans to offer $3.2 billion in senior secured notes due in 2030. This move is part of the company’s strategy to fund the expansion of its Lake Mariner Facility and other strategic growth initiatives. However, the company faces significant risks related to construction delays, supply chain disruptions, and geopolitical uncertainties that could impact its financial condition and operations. The success of these initiatives is crucial for TeraWulf’s competitiveness and financial health, as failure to complete projects on time or within budget could adversely affect its business and market position.
The most recent analyst rating on (WULF) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 14, 2025, TeraWulf Inc. announced that its subsidiary, WULF Compute LLC, plans to offer $3.2 billion in senior secured notes due 2030 in a private offering to qualified institutional buyers. The proceeds from this offering are intended to finance the expansion of its data center at the Lake Mariner campus in Barker, New York. This move is expected to bolster TeraWulf’s position in the digital infrastructure market by supporting its growth and operational capabilities.
The most recent analyst rating on (WULF) stock is a Buy with a $21.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On October 6, 2025, TeraWulf Inc. released slides from an investor presentation intended for upcoming investor meetings. The presentation, which is not an offer to sell or buy securities, includes forward-looking statements about the company’s future operations and financial projections, emphasizing the inherent risks and uncertainties involved.
The most recent analyst rating on (WULF) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
TeraWulf Inc. recently held its earnings call, revealing a largely positive outlook for the company. The call highlighted significant partnerships and agreements that are set to enhance TeraWulf’s credit profile and future revenue potential. Notably, improvements in revenue, EBITDA, and bitcoin mining operations contributed to the optimistic sentiment. However, the company faces challenges with increased SG&A expenses and high CapEx requirements, which will need careful management.
On August 22, 2025, TeraWulf Inc. announced the completion of a $1 billion offering of 1.00% Convertible Senior Notes due 2031, following the full exercise of a $150 million greenshoe option by initial purchasers. The net proceeds, approximately $975.2 million, will be used for data center expansion and general corporate purposes, with $100.6 million allocated to capped call transactions to mitigate potential stock dilution.
The most recent analyst rating on (WULF) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On August 20, 2025, TeraWulf Inc. completed a private offering of 1.00% Convertible Senior Notes due 2031, raising $850 million. The net proceeds of approximately $828.7 million will be used for data center expansion and general corporate purposes. The notes are convertible into common stock and come with certain conditions and options for redemption and conversion. Additionally, TeraWulf entered into capped call transactions to mitigate potential dilution of its stock.
The most recent analyst rating on (WULF) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On August 18, 2025, TeraWulf Inc. announced the upsize and pricing of its $850 million private offering of 1.00% Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $150 million. The proceeds, estimated at $828.7 million, will fund data center expansion and other corporate purposes. The offering, expected to close on August 20, 2025, is aimed at institutional buyers and includes capped call transactions to manage potential stock dilution.
The most recent analyst rating on (WULF) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On August 18, 2025, TeraWulf Inc. announced its intention to offer $400 million in convertible senior notes due 2031, with an additional option for $60 million, subject to market conditions. The proceeds are intended for data center expansion and general corporate purposes, potentially impacting the company’s market positioning by enhancing its infrastructure capabilities.
The most recent analyst rating on (WULF) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.
On August 17, 2025, TeraWulf Inc. announced that its subsidiary Akela Data LLC entered into a lease agreement with Fluidstack USA I Inc. for a new data center building, CB-5, at its Lake Mariner campus in New York. This expansion will provide over 160 megawatts of IT load for high-performance computing, with operations expected to begin in late 2026. Google has agreed to backstop certain obligations of Fluidstack under the lease and will receive warrants to acquire shares in TeraWulf. The expansion increases TeraWulf’s contracted capacity with Fluidstack to approximately 360 megawatts, reinforcing Lake Mariner’s position as a leading HPC campus in the U.S. and strengthening TeraWulf’s strategic alignment with Google.
The most recent analyst rating on (WULF) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.