お知らせ • 2h
TeraWulf Receives Approval For 482 MW Power Agreement For Justified Data Campus In Hancock County Kentucky TeraWulf received approval from the Kentucky Public Service Commission for the Retail Electric Service Agreement supporting up to 482 megawatts of electric service for TeraWulf’s Justified Data Campus in Hancock County, Kentucky. The approval represents an important milestone for Justified and validates a strong model for responsible large-scale data center development: securing substantial power capacity while ensuring that project-specific costs and risks are borne by the large-load customer, protecting existing ratepayers and creating incremental value for utilities and local communities. In its August 21, 2026 order, the Commission concluded: 'After consideration of the entire record, the Commission finds that the proposed RESA contains adequate protections for existing customers, appropriately allocates financial and operational risks, establishes rates that are fair, just and reasonable, and provides for adequate and reliable service.' Under the approved structure, TeraWulf is responsible for the market, transmission, delivery and other costs attributable to serving its load, together with customer-specific infrastructure costs and substantial credit-support obligations. The agreement also includes negotiated demand adders and customer charges that provide incremental contributions to Big Rivers Electric Corporation and Kenergy Corp. The Commission specifically found that the direct pass-through of market and delivery costs ensures that TeraWulf bears the costs attributable to its service and that the customer-specific terms do not provide TeraWulf an unreasonable preference or advantage or subject other customers to an unreasonable prejudice or disadvantage. The Justified Data Campus is being developed at the former Century Aluminum Hawesville facility, where approximately 482 MW of existing transmission capability remains available following the closure of the aluminum smelter. Reusing existing industrial infrastructure allows TeraWulf to pair large-scale power availability with redevelopment of a previously industrialized site. The PSC also recognized the economic benefits associated with the project, including anticipated capital investment, employment and expansion of the local tax base. Based on current expected development costs of approximately $10 million to $12 million per MW of critical IT load, TeraWulf currently estimates approximately $4,000 million to $4,500 million of investment in site development and the initial data halls, exclusive of additional investment by customers in computing equipment and related infrastructure. The Commission stated that 'the proposed reuse of an existing industrial site, anticipated capital investment, employment, and additional tax base provide further support for the public-interest benefits asserted in the record.' The Commission further found that the RESA’s rate structure, credit protections, cost allocation and operational provisions provide adequate safeguards for system reliability and existing utility customers. The PSC’s approval authorizes Big Rivers and Kenergy to implement the RESA in accordance with its terms. TeraWulf believes the Justified structure demonstrates several principles that can support responsible development of large-scale digital infrastructure: Leverage existing infrastructure: Justified repurposes an established industrial site with substantial existing transmission capacity. Protect existing customers: Project-specific market, delivery and infrastructure costs are borne by TeraWulf rather than shifted to other utility customers. Align risk with the large-load customer: TeraWulf assumes market-price, load and customer-specific infrastructure risks and maintains significant credit support. Create incremental utility value: Negotiated demand charges and customer fees provide contributions to Big Rivers and Kenergy beyond reimbursement of the direct costs of serving TeraWulf. Drive durable local investment: The project is expected to bring billions of dollars of investment, new jobs and an expanded tax base to Hancock County and the Commonwealth of Kentucky. New Risk • 13h
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.7b free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (€10m sold). Buy Or Sell Opportunity • Aug 14
Now 23% overvalued Over the last 90 days, the stock has fallen 23% to €14.88. The fair value is estimated to be €12.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has declined by 93%. Revenue is forecast to grow by 675% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. Reported Earnings • Aug 05
Second quarter 2026 earnings released: US$1.94 loss per share (vs US$0.047 loss in 2Q 2025) Second quarter 2026 results: US$1.94 loss per share (further deteriorated from US$0.047 loss in 2Q 2025). Revenue: US$44.8m (down 6.0% from 2Q 2025). Net loss: US$939.9m (loss widened US$921.5m from 2Q 2025). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. お知らせ • Jul 23
TeraWulf Inc. to Report Q2, 2026 Results on Aug 05, 2026 TeraWulf Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 05, 2026 New Risk • Jul 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$1.0b Forecast net loss in 3 years: US$37m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable over next 3 years (US$37m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (€14m sold). Recent Insider Transactions • Jul 03
Co-Founder recently sold €3.2m worth of stock On the 29th of June, Paul Prager sold around 138k shares on-market at roughly €23.29 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €7.2m. Paul has been a net seller over the last 12 months, reducing personal holdings by €18m. Breakeven Date Change • May 28
No longer forecast to breakeven The 12 analysts covering TeraWulf no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$48.3m in 2027. New consensus forecast suggests the company will make a loss of US$130.5m in 2028. New Risk • May 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$1.0b Forecast net loss in 3 years: US$105m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable over next 3 years (US$105m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (€16m sold). お知らせ • May 27
TeraWulf Inc. (NasdaqCM:WULF) acquired Muskie Data Campus from Industrial Equity Partners. TeraWulf Inc. (NasdaqCM:WULF) acquired Muskie Data Campus from Industrial Equity Partners on May 22, 2026.
TeraWulf Inc. (NasdaqCM:WULF) completed the acquisition of Muskie Data Campus from Industrial Equity Partners on May 22, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. Independent Director Amanda Fabiano was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • May 01
TeraWulf Inc. to Report Q1, 2026 Results on May 08, 2026 TeraWulf Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026 お知らせ • Apr 30
TeraWulf Inc., Annual General Meeting, Jun 09, 2026 TeraWulf Inc., Annual General Meeting, Jun 09, 2026. お知らせ • Apr 16
TeraWulf Inc. has completed a Follow-on Equity Offering in the amount of $900.6 million. TeraWulf Inc. has completed a Follow-on Equity Offering in the amount of $900.6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 47,400,000
Price\Range: $19
Discount Per Security: $0.475 お知らせ • Feb 06
TeraWulf Inc. to Report Q4, 2025 Results on Feb 26, 2026 TeraWulf Inc. announced that they will report Q4, 2025 results on Feb 26, 2026 お知らせ • Feb 03
TeraWulf Inc. (NasdaqCM:WULF) entered into an Purchase Agreement to acquire Morgantown Generating Station in Charles County, Maryland. TeraWulf Inc. (NasdaqCM:WULF) entered into an Purchase Agreement to acquire Morgantown Generating Station in Charles County, Maryland in late 2025.
The closing of the Morgantown acquisition is subject to certain third-party consents and customary regulatory approvals, including from the Federal Energy Regulatory Commission (FERC).