TeraWulf Inc.
TeraWulf Inc. (Nasdaq: WULF) is a vertically integrated owner, developer, and operator of large-scale digital infrastructure in the United States, purpose-built to support high-performance computing workloads including artificial intelligence, machine learning, and advanced cloud applications. The company's website is… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What TeraWulf Inc. does
In the company’s own words
TeraWulf Inc. (Nasdaq: WULF) is a vertically integrated owner, developer, and operator of large-scale digital infrastructure in the United States, purpose-built to support high-performance computing workloads including artificial intelligence, machine learning, and advanced cloud applications. The company's website is www.terawulf.com.
TeraWulf operates through a differentiated infrastructure-first business model that emphasizes long-term control of utility-scale assets, including land through ownership or long-term ground leases, interconnection rights, electrical and cooling infrastructure, and on-site generation where applicable. The company pairs compute-optimized facilities with reliable, long-duration power resources to deliver resilient, cost-efficient capacity to hyperscale and enterprise customers through long-term hosting arrangements.
The company's contracted HPC platform consists of two primary campuses. The Lake Mariner Data Campus, located in Barker, New York, operates 245 megawatts of legacy bitcoin mining capacity and 18 megawatts of critical IT HPC capacity, with potential expansion to approximately 750 megawatts. The Abernathy HPC Campus in Texas is being developed through a joint venture with 50.1% ownership by TeraWulf and is designed for 168 megawatts of critical IT load. Together, these campuses have contracted 522 megawatts of critical IT load with long-dated revenue visibility. The company also holds a long-term ground lease in Lansing, New York, the Cayuga Site, which could support up to 400 megawatts of gross capacity.
While TeraWulf currently derives the majority of its revenue from bitcoin mining operations, HPC hosting is now the company's primary growth driver and operating focus. The company targets contracting approximately 250 to 500 megawatts of new critical IT HPC capacity annually. TeraWulf maintains a workforce of 141 full-time employees, primarily located in New York and Maryland, with no unionized labor. The company's senior management team brings decades of experience in energy infrastructure development and operations, supported by its wholly owned subsidiary Beowulf Electricity & Data LLC, which provides construction, technical, engineering, and operational expertise.
Company details
- Sector
- Information Technology
- Industry (SIC)
- Finance Services
- Headquarters
- EASTON, MD
- Fiscal year end
- December
- CIK
- 1083301
- SIC
- 6199
Financial performance, year by year
Fiscal 2012–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns TeraWulf Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Superinvestors in TeraWulf Inc. · what they did last quarter
Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.
Largest fund holders · TeraWulf Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
TeraWulf Inc.’s bonds, as funds hold them
Funds report holding 3 issues of TeraWulf Inc.’s debt, $599.99M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.44%, maturing 2030 to 2032.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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