Terawulf Inc.
TeraWulf (Nasdaq: WULF) develops, owns and operates large-scale digital infrastructure for high-performance computing workloads, including artificial intelligence, machine learning and cloud applications, while continuing to run bitcoin mining operations. It provides data center capacity, power, cooling, security and… From the company’s description.
In fiscal 2025, Terawulf Inc. reported revenue of $168.46M, up 20.3% from fiscal 2024, and a net loss of $661.42M. Its pre-tax margin was −110.5%. Over the twelve months to Jun 30, 2026, revenue was $165.19M.
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 (Nasdaq: WULF) develops, owns and operates large-scale digital infrastructure for high-performance computing workloads, including artificial intelligence, machine learning and cloud applications, while continuing to run bitcoin mining operations. It provides data center capacity, power, cooling, security and connectivity through long-term leases and hosting arrangements for hyperscale and enterprise customers. Its HPC platform is centered on the Lake Mariner campus in New York and the Abernathy campus in Texas; a leased site in Lansing, New York, forms part of its development pipeline. The company also operates legacy bitcoin-mining facilities, principally at Lake Mariner, but focuses its capital allocation and growth strategy on HPC infrastructure. Its campuses are designed for phased expansion and liquid-cooled, high-density computing, with 522 MW of contracted critical IT load across its two primary campuses. At December 31, 2025, Lake Mariner operated 245 MW of bitcoin-mining capacity and 18 MW of HPC capacity; the company had approximately 49,400 operational bitcoin miners. TeraWulf was incorporated in 2021 and began trading that year. Its website is www.terawulf.com.
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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