Terawulf Inc.WULF
What Terawulf Inc. does.
We are a vertically integrated owner, developer, and operator of large-scale digital infrastructure in the United States, purpose-built to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and advanced cloud applications.
Our strategy is grounded in controlling infrastructure at utility scale and pairing compute‑optimized facilities with reliable, long‑duration power resources. By controlling land use through ownership or long-term ground leases, together with interconnection rights, electrical and cooling infrastructure, and, where applicable, on-site generation, we deliver resilient, cost-efficient capacity to hyperscale and enterprise customers through long-term hosting arrangements. This infrastructure-first approach enables TeraWulf to serve Tier-1 counterparties while maintaining operational control, development flexibility, and disciplined capital allocation.
Our platform is differentiated by long-term control of utility-scale infrastructure, deep in-house power and grid expertise, and a scalable development model supported by long-term, credit-enhanced customer contracts.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $13.4M | — | $15.0M | $69.2M | $140.1M | $168.5M |
| Net income | -$439,320 | — | -$90.8M | -$73.4M | -$72.4M | -$661.4M |
| Free cash flow | -$548,744 | — | -$95.2M | -$70.9M | -$292.4M | -$1.2B |
More on WULF.
- Terawulf Inc. summary
- Terawulf Inc. financial statements
- Terawulf Inc. key metrics
- Terawulf Inc. health scores and style box
- Terawulf Inc. earnings
- Terawulf Inc. dividends
- Terawulf Inc. valuation
- Terawulf Inc. ownership and insiders
- Terawulf Inc. peers
Figures from Terawulf Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.