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Terawulf WULF · USD

Information Technology · US listing · 🇺🇸 United States

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12.38

+8.88%

Close of 9 Nov 2026, in USD

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About Terawulf

From its filings with the US Securities and Exchange Commission

SEC filings

Terawulf is based in Easton, Maryland and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker WULF. The SEC classifies its business as finance services. In the fiscal year to 31 December 2025, it reported revenue of $168.5m and a net loss of $661.4m. At that date it held total assets of $6.56bn and shareholders' equity of $140.4m.

In its own words

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.

Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Information Technology
Industry
Software
Listed since
27 Oct 1993
Employees
141
Head office
9 FEDERAL STREET, EASTON, MD, 21601
Incorporated in
DE
Classification
Finance Services
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Paul PragerChairman of the Board, Chief Executive Officer, Co-Founder, since 2021$6.9m
  • Mr. Nazar KhanCo-Founder, Chief Technology Officer, Executive Director, since 2021$6.1m
  • Mr. Patrick FleuryChief Financial Officer$9.7m
  • Mr. Sean FarrelChief Operating Officer
  • Mr. Kenneth DeaneChief Accounting Officer, Treasurer$1.2m
  • Ms. Kerri LanglaisExecutive Director, Chief Strategy Officer, since 2021$9.6m
  • Ms. Lisa PragerDirector$150,001
  • Mr. Michael BucellaIndependent Director$150,001
  • Mr. Walter CarterIndependent Director$175,001
  • Mrs. Amanda FabianoIndependent Director$187,612
  • Ms. Catherine MotzIndependent Director$150,001
  • Mr. Steven PincusIndependent Director$225,002

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
59
Environment
58
Social
87
Governance
33
Women in the workforce
40%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Fully integrated environmentally clean bitcoin mining facilities in the US with 100% zero-carbon energy
  • Two Bitcoin mining facilities: Lake Mariner Data in New York and Nautilus Cryptomine in Pennsylvania
  • Operates portfolio of bitcoin mining facilities with nuclear, hydro, and solar energy sources

Weaknesses

  • Headquartered in Easton, Maryland with only 141 employees
  • Only two Bitcoin mining facilities currently operational
  • Relies on joint venture Nautilus Cryptomine with Cumulus Coin, LLC for Pennsylvania operations

Opportunities

  • Expanding domestic Bitcoin mining with zero-carbon energy in the US market
  • Growing demand for environmentally friendly cryptocurrency mining solutions
  • Leveraging digital infrastructure for third-party miner hosting services

Threats

  • Regulatory changes in the US cryptocurrency sector
  • Competition from other US-based bitcoin mining companies
  • Potential energy cost fluctuations affecting zero-carbon operations

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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