TeraWulf Inc.
WULFpublicneocloudData-center hosting
Power-first data-center operator (Lake Mariner, New York) moving from bitcoin mining to AI/HPC hosting under long-term leases, financed with convertible notes.
how it is counted
cash purchases of property and equipment in the calendar quarter, as the company's own cash-flow statement reports it. The year: the newest calendar year whose fourth quarter at least 90 % of filers have reported; a filer counts only if it reported all four quarters.
- Four quarters, 2025 Q3 – 2026 Q2 →+472.2% on the four before, $0.4B — its line in the Overview's league
how it is counted
per filer: the same four quarters, the four before them and the change; null where the filer did not report all four
- $2.2B
- Newest quarter · 2026 Q21902.2% of revenue · +613.3% on a year before
how it is counted
Of revenue: the quarter's CAPEX as a share of the same quarter's revenue, where the company reports both. On a year before: the change on the same calendar quarter a year before, where the filer reported both.
- $856M
- Off the balance sheet →what it owes that its balance sheet does not carry, each fact counted once · verified 2026-09-28
- $90M
- Notes priced since 2024 →each tranche in the ledger as the company itself states it
- $4.5B
- Loans and credit facilities →new facilities as signed, from the company's own announcements
- —
- Debt due in 12 months →the company's own five-year schedule
- $0M
- Documents in the corpusthe company's own reports, announcements and earnings calls that the rules read
- 118
CAPEX by quarter
Quarters since 2022 Q4, as reported
| 2026 Q2 | $856M | $45M | 1902.2% | +613.3% |
| 2026 Q1 | $523M | $34M | 1538.2% | +456.4% |
| 2025 Q4 | $615M | $36M | 1708.3% | +299.4% |
| 2025 Q3 | $232M | $51M | 454.9% | +1004.8% |
| 2025 Q2 | $120M | $48M | 250.0% | +155.3% |
| 2025 Q1 | $94M | $34M | 276.5% | +100.0% |
| 2024 Q4 | $154M | — | — | +352.9% |
| 2024 Q3 | $21M | — | — | -16.0% |
| 2024 Q2 | $47M | — | — | +683.3% |
| 2024 Q1 | $47M | — | — | +370.0% |
| 2023 Q4 | $34M | — | — | +385.7% |
| 2023 Q3 | $25M | — | — | +212.5% |
| 2023 Q2 | $6M | — | — | -66.7% |
| 2023 Q1 | $10M | — | — | -64.3% |
| 2022 Q4 | $7M | — | — | — |