Terawulf Inc. is a bitcoin mining company. The company is headquartered in Easton, Maryland.
| Revenue (TTM) | $165.19M |
| Gross Profit (TTM) | $114.42M |
| EBITDA | $-270.90M |
| Operating Margin | -307.00% |
| Return on Equity | -1212.00% |
| Return on Assets | -4.80% |
| Revenue/Share (TTM) | $0.38 |
| Book Value | $0.29 |
| Price-to-Book | 58.02 |
| Price-to-Sales (TTM) | 38.12 |
| EV/Revenue | 67.57 |
| EV/EBITDA | 75.47 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | -6.00% |
| Shares Outstanding | $498.97M |
| Float | $383.38M |
| % Insiders | 23.01% |
| % Institutions | 91.07% |
Volatility is currently expanding
Investors are souring on leveraged AI data center developers again. Applied Digital (NASDAQ:APLD) stock has fallen 4%, recently trading around $19.59, extending a rotation out of highly valued, debt-heavy AI infrastructure stocks.
Morgan Stanley says TeraWulf's data-center contracts and cash position support a valuation well above its battered share price.
During Q3 2026, the Polen 5Perspectives Small-Mid Growth Composite Portfolio returned -12.5% (net of fees) compared to the -10.4% return of the Russell 2500 Growth Index. The top contributors to the Portfolio's relative performance in the quarter were Twist Bioscience, Twilio, and Embraer. The most significant detractors from the Portfolio's relative performance in the quarter were nLight, Terawulf, and BWX Technologies.
TeraWulf has pivoted from bitcoin mining to leasing AI data centers, securing ~$27B+ in long-term contracted revenue across 839MW of critical IT loads. WULF's key leases include a 20-year, 401MW deal with Anthropic and multiple Fluidstack/Google-backed agreements, with annual run-rate rent projected at ~$1.76B upon full delivery. Despite negative earnings until rents ramp in 2028, WULF trades at an all-in EV/stabilized EBITDA of ~11-12x, supported by high-quality tenants and robust power assets.
EASTON, Md., Oct. 12, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a vertically integrated owner, developer and operator of large-scale digital infrastructure, today announced that it will host its earnings conference call and webcast for the third quarter ended September 30, 2026 on Friday, November 6, 2026 at 8:00 a.m.
Data center and artificial intelligence infrastructure names are being sold together as long-term Treasury yields push higher, and the pressure is landing hardest on the most financing-dependent builders. Cipher Digital (NASDAQ:CIFR) stock trades at $13.
Rising borrowing costs hit data center companies hardest. Those still raising money to build capacity for artificial intelligence (AI) customers include three stocks falling much harder than their sector fund.
A Finland power agreement is giving Applied Digital (NASDAQ:APLD) its first data center development outside the United States, and buyers are rewarding that step. Applied Digital stock is at $25.43, up 3% in morning trading.
A bigger power contract usually reads as good news for a company selling artificial intelligence (AI) data center capacity, yet TeraWulf (NASDAQ:WULF) is heading the other way after doubling the electric supply at its Muskie campus in Kentucky.
ASHLAND, Ky., Oct. 5, 2026 /PRNewswire/ -- Kentucky Power has finalized an amended agreement that would double its contracted electric demand with TeraWulf Inc. (Nasdaq: WULF) while delivering significant long-term benefits for customers and communities across eastern Kentucky.
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