Company research
TERAWULF INC.
CIK 1083301Updated Sep 26, 2026
SecurityWULF · NASDAQ · equity
Name history
IKONICS CORP · through Dec 13, 2021CHROMALINE CORP · through Nov 22, 2002
WULF price & chart
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NASDAQ:WULF on TradingView ↗About the company
TeraWulf develops, owns, and operates large-scale digital infrastructure designed to support AI, high-performance computing (HPC), and other advanced compute workloads. Leveraging deep expertise in energy markets, power infrastructure, and grid integration, the Company develops and operates purpose-built facilities where power availability, scalability, and operational execution are critical competitive advantages. By strategically securing and monetizing high-value power resources, TeraWulf is well-positioned to serve the growing infrastructure needs of hyperscalers, AI innovators, and enterprise customers. Learn more at terawulf.com.
In the news
TeraWulf Announces Participation in Upcoming Investor and Industry Conferences ↗
TeraWulf Announces Closing of Common Stock Offering ↗
Recent filings
Show 5 more recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
SCHEDULE 13G/A filing
SCHEDULE 13G/A filing
Other Events
Items 8.01, 9.01
144 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,558,182,000Source | 787,511,000Source | 378,106,000Source | 317,687,000Source |
| Property, Plant and Equipment, NetUSD | 1,507,699,000Source | 411,869,000Source | 205,284,000Source | 191,521,000Source |
| GoodwillUSD | 55,457,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,266,389,000Source | 274,065,000Source | 54,439,000Source | 1,279,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,212,000Source | — | — | — |
| Assets, CurrentUSD | 3,478,273,000Source | 281,431,000Source | 62,587,000Source | 14,144,000Source |
| Operating Lease, Right-of-Use AssetUSD | 103,975,000Source | 85,898,000Source | 10,943,000Source | 11,944,000Source |
| Other Assets, NoncurrentUSD | 8,091,000Source | 1,028,000Source | 679,000Source | 1,337,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,417,737,000Source | 543,066,000Source | 155,617,000Source | 199,933,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 9,273,000Source | 9,273,000Source | 9,273,000Source |
| Common Stock, Value, IssuedUSD | 444,000Source | 404,000Source | 277,000Source | 145,000Source |
| Additional Paid in CapitalUSD | 1,285,202,000Source | 685,261,000Source | 472,834,000Source | 294,810,000Source |
| Retained Earnings (Accumulated Deficit)USD | -993,692,000Source | -332,276,000Source | -259,895,000Source | -186,474,000Source |
| Stockholders' Equity Attributable to ParentUSD | 140,445,000Source | 244,445,000Source | 222,489,000Source | 117,754,000Source |
| Liabilities and EquityUSD | 6,558,182,000Source | 787,511,000Source | 378,106,000Source | 317,687,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,735,848,000Source | 51,845,000Source | 154,662,000Source | 126,019,000Source |
| Operating Lease, Liability, CurrentUSD | 2,015,000Source | 25,000Source | 48,000Source | 42,000Source |
| Accounts Payable, CurrentUSD | 65,139,000Source | 24,382,000Source | 15,169,000Source | 21,862,000Source |
| Operating Lease, Liability, NoncurrentUSD | 22,309,000Source | 3,427,000Source | 899,000Source | 947,000Source |
| Deferred Income Tax Liabilities, NetUSD | 76,000Source | — | — | — |
| Other Liabilities, NoncurrentUSD | 902,000Source | — | — | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 76,000Source | 0Source | 0Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 0Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 46,316,000Source | 0Source | 123,465,000Source | 51,938,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,052,240,000Source | 0Source | 56,000Source | 72,967,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -661,416,000Source | -72,418,000Source | -73,421,000Source | -90,791,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 50,909,000Source | 30,927,000Source | 5,859,000Source | 1,568,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 914,000Source | — | — | — |
| Deferred Income Tax Expense (Benefit)USD | 76,000Source | 0Source | 0Source | -256,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -123,180,000Source | -24,422,000Source | 4,263,000Source | -34,066,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 21,731,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,368,945,000Source | -91,159,000Source | -78,013,000Source | -94,047,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,060,189,000Source | 267,940,000Source | 75,168,000Source | 61,116,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 28,481,000Source | 23,654,000Source | 2,013,000Source | — |
| Payments for Repurchase of Common StockUSD | 33,292,000Source | 118,217,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 4,940,835,000Source | 335,207,000Source | 119,866,000Source | 89,981,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,448,710,000Source | 219,626,000Source | 46,116,000Source | -38,132,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 3,722,775,000Source | 274,065,000Source | 54,439,000Source | 8,323,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 13,999,000Source | 6,957,000Source | 19,572,000Source | 13,989,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 50,900,000Source | 30,900,000Source | 5,900,000Source | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 11,400,000Source | 19,515,000Source | 11,676,000Source |
| DepreciationUSD | 88,597,000Source | 59,808,000Source | 28,350,000Source | 6,667,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 0Source | 22,602,000Source | — | — |
| Equity Securities, FV-NI, Gain (Loss)USD | 0Source | 22,602,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -804,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | — | 3,174,000Source | 569,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -4,895,000Source | -17,824,000Source | -1,209,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -6,300,000Source | 0Source | -2,054,000Source |
| GoodwillUSD | 55,457,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | 0Source | 0Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 0Source | 0Source | 3,043,000Source | 1,457,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -661,416,000Source | -72,418,000Source | -73,292,000Source | -85,934,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 0Source | 0Source | -129,000Source | -4,857,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -4,130,000Source | 3,363,000Source | -9,290,000Source | -15,712,000Source |
| Income Tax Expense (Benefit)USD | 76,000Source | 0Source | 0Source | -256,000Source |
| InterestExpenseNonoperatingUSD | 80,248,000Source | 19,794,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -661,416,000Source | -72,418,000Source | -73,421,000Source | -90,791,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -74,495,000Source | -91,574,000Source |
| Operating Costs and ExpensesUSD | — | — | — | 2,038,000Source |
| Operating ExpensesUSD | — | — | 71,335,000Source | 47,695,000Source |
| Operating Lease, Lease IncomeUSD | 16,899,000Source | — | — | — |
| Payments of Financing CostsUSD | 51,246,000Source | 12,950,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 188,715,000Source | 135,917,000Source | 47,326,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 22,500,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 151,556,000Source | 140,051,000Source | 69,229,000Source | 15,033,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 168,455,000Source | — | 69,229,000Source | — |
| Cost of RevenueUSD | 82,663,000Source | 62,608,000Source | 27,315,000Source | 11,083,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | — | 22,770,000Source |
| Operating Income (Loss)USD | -186,213,000Source | -76,216,000Source | -29,421,000Source | -43,745,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -661,340,000Source | -72,417,000Source | -73,419,000Source | -86,190,000Source |
| Income Tax Expense (Benefit)USD | 76,000Source | 0Source | 0Source | -256,000Source |
| Net Income (Loss) Attributable to ParentUSD | -661,416,000Source | -72,418,000Source | -73,421,000Source | -90,791,000Source |
| Earnings Per Share, BasicUSD per share | -1.66Source | -0.21Source | -0.35Source | -0.82Source |
| Earnings Per Share, DilutedUSD per share | -1.66Source | -0.21Source | -0.35Source | -0.82Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 397,608,216Source | 351,315,476Source | 209,956,392Source | 110,638,792Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 397,608,216Source | 351,315,476Source | 209,956,392Source | 110,638,792Source |
| Interest Expense (non-operating)USD | 80,248,000Source | 19,794,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0Source | 0Source | 0Source | 0Source |
| Costs and ExpensesUSD | 354,668,000Source | 216,267,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | -804,000Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Gross ProfitUSD | 66,045,000Source | — | 41,914,000Source | 3,950,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -661,340,000Source | -72,417,000Source | -73,419,000Source | -86,190,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -661,416,000Source | -72,418,000Source | -73,292,000Source | -85,934,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -1.66Source | -0.21Source | -0.35Source | -0.78Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -1.66Source | -0.21Source | -0.35Source | -0.78Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 0Source | 0Source | -129,000Source | -4,857,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -4,130,000Source | 3,363,000Source | -9,290,000Source | -15,712,000Source |
| Interest ExpenseUSD | — | — | 34,812,000Source | 24,679,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -74,495,000Source | -91,574,000Source |
| Operating Costs and ExpensesUSD | — | — | — | 2,038,000Source |
| Operating ExpensesUSD | — | — | 71,335,000Source | 47,695,000Source |
| Operating Lease, Lease IncomeUSD | 16,899,000Source | — | — | — |
| Other IncomeUSD | — | — | 39,000Source | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 1,074,000Source | 783,000Source |
| Preferred Stock, Dividends Per Share, DeclaredUSD per share | 0Source | 0Source | 0Source | 0Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 151,556,000Source | 140,051,000Source | 69,229,000Source | 15,033,000Source |
Filing attachments
tm2619468d1_ex99-1.htm · 8-K · 2026-07-06
EX-99.1 2 tm2619468d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TeraWulf Announces Anthropic Lease at Justified Data Campus and Sale of Majority Interest in Abernathy Joint Venture to Fluidstack Long-Term AI Infrastructure Lease Expected to Generate ~$19 Billion of Contracted Revenue Over Initial Term Abernathy Transaction Monetizes Approximately $450 Million Investment at a Premium and Provides Capital to Expand Wholly Owned AI Infrastructure Portfolio EASTON, Md. - July 6, 2026 - TeraWulf I…
Read attachment ↗tm2611661d9_ex99-1.htm · 8-K · 2026-04-16
EX-99.1 4 tm2611661d9_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TeraWulf Announces Closing of Common Stock Offering EASTON, Maryland. - April 16, 2026 - TeraWulf Inc. (NASDAQ: WULF) (the “Company” or “TeraWulf”) today announced the closing of its previously announced public offering of 54,510,000 shares of its common stock (the “Offering”) at a price of $19.00 per share, including the full exercise by the underwriters of their option to purchase up to an additional 7,110,000 shares of common st…
Read attachment ↗tm2611661d5_ex99-1.htm · 8-K · 2026-04-15
EX-99.1 2 tm2611661d5_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TeraWulf Announces Pricing of Upsized Common Stock Offering EASTON, Maryland. - April 14, 2026 - TeraWulf Inc. (NASDAQ: WULF) (the “Company” or “TeraWulf”) today announced the pricing of its previously announced public common stock offering (the “Offering”). The Company priced 47,400,000 shares at $19.00 per share, for gross proceeds of approximately $900 million, upsized from $800 million. The Offering is expected to close on Apri…
Read attachment ↗tm2611661d4_ex99-1.htm · 8-K · 2026-04-14
EX-99.1 2 tm2611661d4_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TeraWulf Reports Preliminary First Quarter 2026 Financial Results Received Allocations for Revolving Credit Facility of Up to $250 Million From Leading Global Financial Institutions EASTON, Md., April 14, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), an owner, developer and operator of energy-advantaged digital infrastructure purpose-built for high-performance computing (“HPC”) and artificial…
Read attachment ↗tm2611661d4_ex99-2.htm · 8-K · 2026-04-14
EX-99.2 3 tm2611661d4_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 TeraWulf Announces Common Stock Offering EASTON, Maryland. - April 14, 2026 - TeraWulf Inc. (NASDAQ: WULF) (the “Company” or “TeraWulf”) today announced it intends to make an offering of $800 million of shares of its common stock (the “Offering”). TeraWulf’s common stock is listed on the Nasdaq Stock Market LLC under the symbol “WULF.” TeraWulf intends to grant the underwriters of the Offering a 30-day option to purchase up to an…
Read attachment ↗tm2534384d1_ex4-1.htm · 8-K · 2025-12-29
EX-4.1 2 tm2534384d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Execution Version FLASH COMPUTE LLC, FS CS I LLC, AND THE SUBSIDIARY GUARANTOR PARTY HERETO 7.250% SENIOR SECURED NOTES DUE 2030 INDENTURE Dated as of December 29, 2025 WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Collateral Agent TABLE OF CONTENTS Page Article 1 DEFINITIONS …
Read attachment ↗