TeraWulf（WULF *）株式概要テラウルフ・インクは、その子会社とともに、デジタル資産テクノロジー企業として米国で事業を展開している。 詳細WULF * ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長5/6過去の実績0/6財務の健全性2/6配当金0/6報酬収益は年間86.19%増加すると予測されています リスク分析MX市場と比較して、過去 3 か月間の株価の変動が非常に大きいマイナスの株主資本 過去1年間で株主の希薄化が進んだ 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るWULF * Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueMex$Current PriceMex$394.901.1k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b966m2016201920222025202620282031Revenue US$966.1mEarnings US$116.6mAdvancedSet Fair ValueView all narrativesTeraWulf Inc. 競合他社Horizon RoboticsSymbol: SEHK:9660Market cap: HK$88.3bD-Wave QuantumSymbol: NYSE:QBTSMarket cap: US$10.9bHut 8Symbol: NasdaqGS:HUTMarket cap: US$11.9bRiot PlatformsSymbol: NasdaqCM:RIOTMarket cap: US$9.3b価格と性能株価の高値、安値、推移の概要TeraWulf過去の株価現在の株価US$394.9052週高値US$444.0052週安値US$72.50ベータ4.281ヶ月の変化13.48%3ヶ月変化29.62%1年変化430.07%3年間の変化n/a5年間の変化n/aIPOからの変化1,103.96%最新ニュースBreakeven Date Change • May 11Forecast to breakeven in 2027The 10 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 9.5% to 2026. The company is expected to make a profit of US$116.7m in 2027. Average annual earnings growth of 112% is required to achieve expected profit on schedule.New Risk • May 11New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -US$78m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable next year (US$515m net loss next year). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$330m sold).お知らせ • May 01TeraWulf Inc. to Report Q1, 2026 Results on May 08, 2026TeraWulf Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026Recent Insider Transactions • Apr 30Co-Founder recently sold Mex$78m worth of stockOn the 28th of April, Paul Prager sold around 217k shares on-market at roughly Mex$361 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$171m. Paul has been a net seller over the last 12 months, reducing personal holdings by Mex$159m.お知らせ • Apr 30TeraWulf Inc., Annual General Meeting, Jun 09, 2026TeraWulf Inc., Annual General Meeting, Jun 09, 2026.New Risk • Apr 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).最新情報をもっと見るRecent updatesBreakeven Date Change • May 11Forecast to breakeven in 2027The 10 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 9.5% to 2026. The company is expected to make a profit of US$116.7m in 2027. Average annual earnings growth of 112% is required to achieve expected profit on schedule.New Risk • May 11New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -US$78m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable next year (US$515m net loss next year). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$330m sold).お知らせ • May 01TeraWulf Inc. to Report Q1, 2026 Results on May 08, 2026TeraWulf Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026Recent Insider Transactions • Apr 30Co-Founder recently sold Mex$78m worth of stockOn the 28th of April, Paul Prager sold around 217k shares on-market at roughly Mex$361 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$171m. Paul has been a net seller over the last 12 months, reducing personal holdings by Mex$159m.お知らせ • Apr 30TeraWulf Inc., Annual General Meeting, Jun 09, 2026TeraWulf Inc., Annual General Meeting, Jun 09, 2026.New Risk • Apr 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 12 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 43% to 2026. The company is expected to make a profit of US$33.6m in 2027. Average annual earnings growth of 97% is required to achieve expected profit on schedule.お知らせ • Apr 16TeraWulf 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: $0.475New Risk • Apr 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).お知らせ • Apr 15+ 1 more updateTerawulf Inc. Provides Earnings Guidance for the First Quarter Ended March 31, 2026TeraWulf Inc. provided earnings guidance for the first quarter ended March 31, 2026. The Company expects first quarter 2026 revenue to be between $30 million and $35 million.New Risk • Apr 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$252m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Significant insider selling over the past 3 months (Mex$252m sold).Recent Insider Transactions • Mar 21Independent Director recently bought Mex$1.3m worth of stockOn the 19th of March, Michael Bucella bought around 5k shares on-market at roughly Mex$278 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$10.0m more in shares than they bought in the last 12 months.New Risk • Mar 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years).Recent Insider Transactions • Mar 13Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.Recent Insider Transactions • Mar 09Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.Recent Insider Transactions • Mar 06Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.Reported Earnings • Feb 27Full year 2025 earnings released: US$1.66 loss per share (vs US$0.21 loss in FY 2024)Full year 2025 results: US$1.66 loss per share (further deteriorated from US$0.21 loss in FY 2024). Revenue: US$168.5m (up 20% from FY 2024). Net loss: US$661.4m (loss widened US$589.0m from FY 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry.お知らせ • Feb 06TeraWulf Inc. to Report Q4, 2025 Results on Feb 26, 2026TeraWulf Inc. announced that they will report Q4, 2025 results on Feb 26, 2026お知らせ • Feb 03TeraWulf 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).Breakeven Date Change • Nov 12No longer forecast to breakevenThe 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$158.5m in 2027. New consensus forecast suggests the company will make a loss of US$59.8m in 2027.Reported Earnings • Nov 12Third quarter 2025 earnings released: US$1.13 loss per share (vs US$0.06 loss in 3Q 2024)Third quarter 2025 results: US$1.13 loss per share (further deteriorated from US$0.06 loss in 3Q 2024). Revenue: US$50.6m (up 87% from 3Q 2024). Net loss: US$455.1m (loss widened US$432.0m from 3Q 2024). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry.お知らせ • Nov 01TeraWulf Inc. to Report Q3, 2025 Results on Nov 10, 2025TeraWulf Inc. announced that they will report Q3, 2025 results on Nov 10, 2025お知らせ • Oct 28Terawulf Inc. Provides Revenue Guidance for the Third Quarter Ended September 30, 2025TeraWulf Inc. provided revenue guidance for the third quarter ended September 30, 2025. For the period the company expects revenue for the third quarter of 2025 to be between $48 million and $52 million, representing an approximate 84% increase compared to the $27 million reported in the third quarter of 2024.Recent Insider Transactions • Sep 24Independent Director recently sold Mex$11m worth of stockOn the 19th of September, Catherine Motz sold around 53k shares on-market at roughly Mex$203 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$13m more than they bought in the last 12 months.Recent Insider Transactions • Aug 21Independent Director recently sold Mex$743k worth of stockOn the 15th of August, Amanda Fabiano sold around 5k shares on-market at roughly Mex$162 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$1.6m. Insiders have been net sellers, collectively disposing of Mex$1.9m more than they bought in the last 12 months.Board Change • Aug 13Insufficient new directorsThere 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.Reported Earnings • Aug 10Second quarter 2025 earnings released: US$0.047 loss per share (vs US$0.033 loss in 2Q 2024)Second quarter 2025 results: US$0.047 loss per share (further deteriorated from US$0.033 loss in 2Q 2024). Revenue: US$47.6m (up 34% from 2Q 2024). Net loss: US$18.4m (loss widened 65% from 2Q 2024). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry.Breakeven Date Change • Aug 08The 11 analysts covering TeraWulf previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 25% per year to 2026. The company is expected to make a profit of US$21.5m in 2027. Average annual earnings growth of 118% is required to achieve expected profit on schedule.お知らせ • Jul 24TeraWulf Inc. to Report Q2, 2025 Results on Aug 08, 2025TeraWulf Inc. announced that they will report Q2, 2025 results on Aug 08, 2025お知らせ • May 28TeraWulf Inc. (NasdaqCM:WULF) acquired Bicent (California) Power LLC for $54.6 million.TeraWulf Inc. (NasdaqCM:WULF) acquired Bicent (California) Power LLC for $54.6 million on May 27, 2025. The consideration consists of a cash consideration of $3 million and 5 million common equity of TeraWulf Inc. to be issued for interests of Bicent (California) Power LLC. The agreement also includes up to $19 million in contingent cash payments and up to $13 million in additional common stock, subject to the achievement of key milestones related to the expansion of TeraWulf’s data center business and project financing initiative. As part of the acquisition, 94 employees from Beowulf E&D – including Lake Mariner site staff and corporate support personnel – have transitioned to TeraWulf employment. The Board of Directors of Bicent (California) Power LLC formed a special committee for the transaction. Reed Smith LLP acted as legal advisor for TeraWulf Inc. Piper Sandler & Co. acted as fairness opinion provider for TeraWulf Inc. TeraWulf Inc. (NasdaqCM:WULF) completed the acquisition of Bicent (California) Power LLC on May 27, 2025.New Risk • May 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$305m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$305m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$36m net loss in 2 years). Shareholders have been diluted in the past year (15% increase in shares outstanding).Breakeven Date Change • May 12Forecast breakeven date pushed back to 2027The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$144.9m in 2027. Average annual earnings growth of 96% is required to achieve expected profit on schedule.Reported Earnings • May 10First quarter 2025 earnings releasedFirst quarter 2025 results: Net income: (up US$9.90m from 1Q 2024).Breakeven Date Change • May 09The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 5.9% to 2025. The company is expected to make a profit of US$34.7m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.お知らせ • Apr 28TeraWulf Inc. to Report Q1, 2025 Results on May 09, 2025TeraWulf Inc. announced that they will report Q1, 2025 results on May 09, 2025Breakeven Date Change • Apr 22Forecast breakeven date pushed back to 2026The 9 analysts covering TeraWulf previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 58% to 2025. The company is expected to make a profit of US$71.2m in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.お知らせ • Mar 28TeraWulf Inc., Annual General Meeting, May 05, 2025TeraWulf Inc., Annual General Meeting, May 05, 2025.Reported Earnings • Mar 01Full year 2024 earnings released: US$0.21 loss per share (vs US$0.35 loss in FY 2023)Full year 2024 results: US$0.21 loss per share (improved from US$0.35 loss in FY 2023). Revenue: US$140.1m (up 102% from FY 2023). Net loss: US$72.4m (loss narrowed 2.6% from FY 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry.お知らせ • Feb 21TeraWulf Inc. to Report Q4, 2024 Results on Feb 28, 2025TeraWulf Inc. announced that they will report Q4, 2024 results on Feb 28, 2025Recent Insider Transactions • Feb 01Independent Director recently bought Mex$413k worth of stockOn the 27th of January, Michael Bucella bought around 5k shares on-market at roughly Mex$86.18 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$3.7m more in shares than they bought in the last 12 months.Breakeven Date Change • Jan 24Forecast breakeven date moved forward to 2025The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$62.8m in 2025. Average annual earnings growth of 49% is required to achieve expected profit on schedule.お知らせ • Nov 22TeraWulf Inc. Announces Promotion of Sean Farrell to Chief Operating OfficerTeraWulf Inc. announced that Sean Farrell has been promoted to Chief Operating Officer, effective immediately. Mr. Farrell will continue to report directly to Nazar Khan, Chief Technology Officer of TeraWulf. Mr. Farrell brings over 13 years of experience in the energy sector, specializing in renewables, grid optimization, electric delivery, digitalization, and storage solutions across various business domains. Most recently, he served as Senior Vice President of Operations at TeraWulf, where he coordinated and oversaw the Company's data center operations and vertical integration strategy.Before joining TeraWulf, Mr. Farrell was the North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc., where he led product development, sales, and market strategy for onshore wind turbines in the U.S. and Canada. He began his career in the energy industry at Siemens Energy, progressing through roles of increasing responsibility within their Power System Sales organization, focusing on generation and electric delivery across diverse verticals for over a decade.Board Change • Nov 22High number of new directorsIndependent Director Amanda Fabiano was the last director to join the board, commencing their role in 2024.お知らせ • Oct 24TeraWulf Inc. (NasdaqCM:WULF) announces an Equity Buyback for $200 million worth of its shares.TeraWulf Inc. (NasdaqCM:WULF) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common shares. The Company intends to repurchase shares using excess cash, prioritizing this initiative after disciplined capital expenditures aimed at supporting organic growth in high-performance computing and evaluating strategic opportunities, such as potential site acquisitions. The program is valid through December 31, 2025.お知らせ • Oct 17Terawulf Inc. Appoints John Larkin as Senior Vice President, Director of Investor RelationsTeraWulf Inc. announced the appointment of John Larkin as Senior Vice President, Director of Investor Relations. In this role, Mr. Larkin will report to Chief Executive Officer Paul Prager. With over 25 years of experience in capital markets across buy-side and sell-side roles, Mr. Larkin brings extensive knowledge and insight to TeraWulf. Most recently, he served as Chief Operating Officer at Connacht Asset Management. Before that, he spent nearly a decade at Susquehanna International Group, where he led the Event-Driven/Special Situations Desk and served as Assistant Director of Research. Mr. Larkin began his career at Citigroup, holding a variety of key positions.お知らせ • Oct 04TeraWulf Inc. to Report Q3, 2024 Results on Nov 12, 2024TeraWulf Inc. announced that they will report Q3, 2024 results on Nov 12, 2024Board Change • Sep 23High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Co-Founder, COO, CTO & Executive Director Nazar Khan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Aug 14Second quarter 2024 earnings released: US$0.033 loss per share (vs US$0.085 loss in 2Q 2023)Second quarter 2024 results: US$0.033 loss per share (improved from US$0.085 loss in 2Q 2023). Revenue: US$35.6m (up 130% from 2Q 2023). Net loss: US$11.2m (loss narrowed 37% from 2Q 2023). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry.お知らせ • Aug 01TeraWulf Inc. to Report Q2, 2024 Results on Aug 12, 2024TeraWulf Inc. announced that they will report Q2, 2024 results on Aug 12, 2024New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$76m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$76m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (Mex$4.2m sold).Recent Insider Transactions • Jun 14Chief Accounting Officer & Treasurer recently sold Mex$4.2m worth of stockOn the 7th of June, Kenneth Deane sold around 70k shares on-market at roughly Mex$59.40 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Breakeven Date Change • May 15Forecast breakeven date pushed back to 2025The 4 analysts covering TeraWulf previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 52% to 2024. The company is expected to make a profit of US$100.3m in 2025. Average annual earnings growth of 149% is required to achieve expected profit on schedule.New Risk • May 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$76m).Reported Earnings • May 14First quarter 2024 earnings released: US$0.034 loss per share (vs US$0.16 loss in 1Q 2023)First quarter 2024 results: US$0.034 loss per share (improved from US$0.16 loss in 1Q 2023). Revenue: US$42.4m (up 268% from 1Q 2023). Net loss: US$9.90m (loss narrowed 63% from 1Q 2023). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Global Software industry.お知らせ • May 01TeraWulf Inc. to Report Q1, 2024 Results on May 13, 2024TeraWulf Inc. announced that they will report Q1, 2024 results on May 13, 2024Board Change • Apr 17High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Co-Founder, COO, CTO & Executive Director Nazar Khan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Mar 21TeraWulf Inc., Annual General Meeting, Apr 16, 2024TeraWulf Inc., Annual General Meeting, Apr 16, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider and approve the election of Paul Prager, Nazar Khan, Kerri Langlais, Michael Bucella, Walter Carter, Amanda Fabiano, Christopher Jarvis, Catherine Motz, Steven Pincus and Lisa Prager to the Company’s Board of Directors for one-year terms; to consider and approve the approval, on a non-binding, advisory basis, of the compensation of our named executive officers; and to consider other matters.株主還元WULF *MX SoftwareMX 市場7D7.9%0%0%1Y430.1%0%0%株主還元を見る業界別リターン: WULF *過去 1 年間で-9.3 % の収益を上げたMX Software業界を上回りました。リターン対市場: WULF *過去 1 年間で15.6 % の収益を上げたMX市場を上回りました。価格変動Is WULF *'s price volatile compared to industry and market?WULF * volatilityWULF * Average Weekly Movement11.6%Software Industry Average Movement0%Market Average Movement0%10% most volatile stocks in MX Market0%10% least volatile stocks in MX Market0%安定した株価: WULF *の株価は、 MX市場と比較して過去 3 か月間で変動しています。時間の経過による変動: WULF *の 週次ボラティリティ は過去 1 年間で17%から12%に減少しましたが、依然としてMX株の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2021141Paul Pragerwww.terawulf.comTeraWulf Inc.は、その子会社とともに、米国でデジタル資産テクノロジー企業として事業を展開している。同社はニューヨークとペンシルバニアでビットコイン採掘施設を開発、所有、運営している。同社は、サードパーティのエンティティにマイナーホスティングサービスを提供している。同社は2021年に設立され、メリーランド州イーストンに本社を置いている。もっと見るTeraWulf Inc. 基礎のまとめTeraWulf の収益と売上を時価総額と比較するとどうか。WULF * 基礎統計学時価総額Mex$195.82b収益（TTM）-Mex$17.80b売上高(TTM)Mex$2.91b67.3xP/Sレシオ-11.0xPER（株価収益率WULF * は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計WULF * 損益計算書（TTM）収益US$168.06m売上原価US$60.47m売上総利益US$107.59mその他の費用US$1.14b収益-US$1.03b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-2.07グロス・マージン64.02%純利益率-611.46%有利子負債／自己資本比率-6,815.2%WULF * の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/25 18:01終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TeraWulf Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Pierre-Marie D'OrnanoArete Research Services LLPMartin TonerATB CormarkNicholas GilesB. Riley Securities, Inc.13 その他のアナリストを表示
Breakeven Date Change • May 11Forecast to breakeven in 2027The 10 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 9.5% to 2026. The company is expected to make a profit of US$116.7m in 2027. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
New Risk • May 11New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -US$78m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable next year (US$515m net loss next year). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$330m sold).
お知らせ • May 01TeraWulf Inc. to Report Q1, 2026 Results on May 08, 2026TeraWulf Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026
Recent Insider Transactions • Apr 30Co-Founder recently sold Mex$78m worth of stockOn the 28th of April, Paul Prager sold around 217k shares on-market at roughly Mex$361 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$171m. Paul has been a net seller over the last 12 months, reducing personal holdings by Mex$159m.
お知らせ • Apr 30TeraWulf Inc., Annual General Meeting, Jun 09, 2026TeraWulf Inc., Annual General Meeting, Jun 09, 2026.
New Risk • Apr 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).
Breakeven Date Change • May 11Forecast to breakeven in 2027The 10 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 9.5% to 2026. The company is expected to make a profit of US$116.7m in 2027. Average annual earnings growth of 112% is required to achieve expected profit on schedule.
New Risk • May 11New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -US$78m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-US$78m). Currently unprofitable and not forecast to become profitable next year (US$515m net loss next year). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$330m sold).
お知らせ • May 01TeraWulf Inc. to Report Q1, 2026 Results on May 08, 2026TeraWulf Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026
Recent Insider Transactions • Apr 30Co-Founder recently sold Mex$78m worth of stockOn the 28th of April, Paul Prager sold around 217k shares on-market at roughly Mex$361 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$171m. Paul has been a net seller over the last 12 months, reducing personal holdings by Mex$159m.
お知らせ • Apr 30TeraWulf Inc., Annual General Meeting, Jun 09, 2026TeraWulf Inc., Annual General Meeting, Jun 09, 2026.
New Risk • Apr 19New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (28% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).
Breakeven Date Change • Apr 17Forecast to breakeven in 2027The 12 analysts covering TeraWulf expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 43% to 2026. The company is expected to make a profit of US$33.6m in 2027. Average annual earnings growth of 97% is required to achieve expected profit on schedule.
お知らせ • Apr 16TeraWulf 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
New Risk • Apr 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Significant insider selling over the past 3 months (Mex$252m sold).
お知らせ • Apr 15+ 1 more updateTerawulf Inc. Provides Earnings Guidance for the First Quarter Ended March 31, 2026TeraWulf Inc. provided earnings guidance for the first quarter ended March 31, 2026. The Company expects first quarter 2026 revenue to be between $30 million and $35 million.
New Risk • Apr 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$252m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years). Significant insider selling over the past 3 months (Mex$252m sold).
Recent Insider Transactions • Mar 21Independent Director recently bought Mex$1.3m worth of stockOn the 19th of March, Michael Bucella bought around 5k shares on-market at roughly Mex$278 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$10.0m more in shares than they bought in the last 12 months.
New Risk • Mar 17New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$661m Forecast net loss in 3 years: US$161m 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: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$161m net loss in 3 years).
Recent Insider Transactions • Mar 13Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Mar 09Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.
Recent Insider Transactions • Mar 06Independent Director recently bought Mex$879k worth of stockOn the 4th of March, Michael Bucella bought around 3k shares on-market at roughly Mex$277 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$12m more in shares than they bought in the last 12 months.
Reported Earnings • Feb 27Full year 2025 earnings released: US$1.66 loss per share (vs US$0.21 loss in FY 2024)Full year 2025 results: US$1.66 loss per share (further deteriorated from US$0.21 loss in FY 2024). Revenue: US$168.5m (up 20% from FY 2024). Net loss: US$661.4m (loss widened US$589.0m from FY 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry.
お知らせ • Feb 06TeraWulf Inc. to Report Q4, 2025 Results on Feb 26, 2026TeraWulf Inc. announced that they will report Q4, 2025 results on Feb 26, 2026
お知らせ • Feb 03TeraWulf 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).
Breakeven Date Change • Nov 12No longer forecast to breakevenThe 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$158.5m in 2027. New consensus forecast suggests the company will make a loss of US$59.8m in 2027.
Reported Earnings • Nov 12Third quarter 2025 earnings released: US$1.13 loss per share (vs US$0.06 loss in 3Q 2024)Third quarter 2025 results: US$1.13 loss per share (further deteriorated from US$0.06 loss in 3Q 2024). Revenue: US$50.6m (up 87% from 3Q 2024). Net loss: US$455.1m (loss widened US$432.0m from 3Q 2024). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Global Software industry.
お知らせ • Nov 01TeraWulf Inc. to Report Q3, 2025 Results on Nov 10, 2025TeraWulf Inc. announced that they will report Q3, 2025 results on Nov 10, 2025
お知らせ • Oct 28Terawulf Inc. Provides Revenue Guidance for the Third Quarter Ended September 30, 2025TeraWulf Inc. provided revenue guidance for the third quarter ended September 30, 2025. For the period the company expects revenue for the third quarter of 2025 to be between $48 million and $52 million, representing an approximate 84% increase compared to the $27 million reported in the third quarter of 2024.
Recent Insider Transactions • Sep 24Independent Director recently sold Mex$11m worth of stockOn the 19th of September, Catherine Motz sold around 53k shares on-market at roughly Mex$203 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$13m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 21Independent Director recently sold Mex$743k worth of stockOn the 15th of August, Amanda Fabiano sold around 5k shares on-market at roughly Mex$162 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$1.6m. Insiders have been net sellers, collectively disposing of Mex$1.9m more than they bought in the last 12 months.
Board Change • Aug 13Insufficient new directorsThere 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.
Reported Earnings • Aug 10Second quarter 2025 earnings released: US$0.047 loss per share (vs US$0.033 loss in 2Q 2024)Second quarter 2025 results: US$0.047 loss per share (further deteriorated from US$0.033 loss in 2Q 2024). Revenue: US$47.6m (up 34% from 2Q 2024). Net loss: US$18.4m (loss widened 65% from 2Q 2024). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry.
Breakeven Date Change • Aug 08The 11 analysts covering TeraWulf previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 25% per year to 2026. The company is expected to make a profit of US$21.5m in 2027. Average annual earnings growth of 118% is required to achieve expected profit on schedule.
お知らせ • Jul 24TeraWulf Inc. to Report Q2, 2025 Results on Aug 08, 2025TeraWulf Inc. announced that they will report Q2, 2025 results on Aug 08, 2025
お知らせ • May 28TeraWulf Inc. (NasdaqCM:WULF) acquired Bicent (California) Power LLC for $54.6 million.TeraWulf Inc. (NasdaqCM:WULF) acquired Bicent (California) Power LLC for $54.6 million on May 27, 2025. The consideration consists of a cash consideration of $3 million and 5 million common equity of TeraWulf Inc. to be issued for interests of Bicent (California) Power LLC. The agreement also includes up to $19 million in contingent cash payments and up to $13 million in additional common stock, subject to the achievement of key milestones related to the expansion of TeraWulf’s data center business and project financing initiative. As part of the acquisition, 94 employees from Beowulf E&D – including Lake Mariner site staff and corporate support personnel – have transitioned to TeraWulf employment. The Board of Directors of Bicent (California) Power LLC formed a special committee for the transaction. Reed Smith LLP acted as legal advisor for TeraWulf Inc. Piper Sandler & Co. acted as fairness opinion provider for TeraWulf Inc. TeraWulf Inc. (NasdaqCM:WULF) completed the acquisition of Bicent (California) Power LLC on May 27, 2025.
New Risk • May 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$305m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$305m free cash flow). Shares are highly illiquid. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$36m net loss in 2 years). Shareholders have been diluted in the past year (15% increase in shares outstanding).
Breakeven Date Change • May 12Forecast breakeven date pushed back to 2027The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$144.9m in 2027. Average annual earnings growth of 96% is required to achieve expected profit on schedule.
Reported Earnings • May 10First quarter 2025 earnings releasedFirst quarter 2025 results: Net income: (up US$9.90m from 1Q 2024).
Breakeven Date Change • May 09The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 5.9% to 2025. The company is expected to make a profit of US$34.7m in 2026. Average annual earnings growth of 122% is required to achieve expected profit on schedule.
お知らせ • Apr 28TeraWulf Inc. to Report Q1, 2025 Results on May 09, 2025TeraWulf Inc. announced that they will report Q1, 2025 results on May 09, 2025
Breakeven Date Change • Apr 22Forecast breakeven date pushed back to 2026The 9 analysts covering TeraWulf previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 58% to 2025. The company is expected to make a profit of US$71.2m in 2026. Average annual earnings growth of 109% is required to achieve expected profit on schedule.
お知らせ • Mar 28TeraWulf Inc., Annual General Meeting, May 05, 2025TeraWulf Inc., Annual General Meeting, May 05, 2025.
Reported Earnings • Mar 01Full year 2024 earnings released: US$0.21 loss per share (vs US$0.35 loss in FY 2023)Full year 2024 results: US$0.21 loss per share (improved from US$0.35 loss in FY 2023). Revenue: US$140.1m (up 102% from FY 2023). Net loss: US$72.4m (loss narrowed 2.6% from FY 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry.
お知らせ • Feb 21TeraWulf Inc. to Report Q4, 2024 Results on Feb 28, 2025TeraWulf Inc. announced that they will report Q4, 2024 results on Feb 28, 2025
Recent Insider Transactions • Feb 01Independent Director recently bought Mex$413k worth of stockOn the 27th of January, Michael Bucella bought around 5k shares on-market at roughly Mex$86.18 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$3.7m more in shares than they bought in the last 12 months.
Breakeven Date Change • Jan 24Forecast breakeven date moved forward to 2025The 9 analysts covering TeraWulf previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$62.8m in 2025. Average annual earnings growth of 49% is required to achieve expected profit on schedule.
お知らせ • Nov 22TeraWulf Inc. Announces Promotion of Sean Farrell to Chief Operating OfficerTeraWulf Inc. announced that Sean Farrell has been promoted to Chief Operating Officer, effective immediately. Mr. Farrell will continue to report directly to Nazar Khan, Chief Technology Officer of TeraWulf. Mr. Farrell brings over 13 years of experience in the energy sector, specializing in renewables, grid optimization, electric delivery, digitalization, and storage solutions across various business domains. Most recently, he served as Senior Vice President of Operations at TeraWulf, where he coordinated and oversaw the Company's data center operations and vertical integration strategy.Before joining TeraWulf, Mr. Farrell was the North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc., where he led product development, sales, and market strategy for onshore wind turbines in the U.S. and Canada. He began his career in the energy industry at Siemens Energy, progressing through roles of increasing responsibility within their Power System Sales organization, focusing on generation and electric delivery across diverse verticals for over a decade.
Board Change • Nov 22High number of new directorsIndependent Director Amanda Fabiano was the last director to join the board, commencing their role in 2024.
お知らせ • Oct 24TeraWulf Inc. (NasdaqCM:WULF) announces an Equity Buyback for $200 million worth of its shares.TeraWulf Inc. (NasdaqCM:WULF) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common shares. The Company intends to repurchase shares using excess cash, prioritizing this initiative after disciplined capital expenditures aimed at supporting organic growth in high-performance computing and evaluating strategic opportunities, such as potential site acquisitions. The program is valid through December 31, 2025.
お知らせ • Oct 17Terawulf Inc. Appoints John Larkin as Senior Vice President, Director of Investor RelationsTeraWulf Inc. announced the appointment of John Larkin as Senior Vice President, Director of Investor Relations. In this role, Mr. Larkin will report to Chief Executive Officer Paul Prager. With over 25 years of experience in capital markets across buy-side and sell-side roles, Mr. Larkin brings extensive knowledge and insight to TeraWulf. Most recently, he served as Chief Operating Officer at Connacht Asset Management. Before that, he spent nearly a decade at Susquehanna International Group, where he led the Event-Driven/Special Situations Desk and served as Assistant Director of Research. Mr. Larkin began his career at Citigroup, holding a variety of key positions.
お知らせ • Oct 04TeraWulf Inc. to Report Q3, 2024 Results on Nov 12, 2024TeraWulf Inc. announced that they will report Q3, 2024 results on Nov 12, 2024
Board Change • Sep 23High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Co-Founder, COO, CTO & Executive Director Nazar Khan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Aug 14Second quarter 2024 earnings released: US$0.033 loss per share (vs US$0.085 loss in 2Q 2023)Second quarter 2024 results: US$0.033 loss per share (improved from US$0.085 loss in 2Q 2023). Revenue: US$35.6m (up 130% from 2Q 2023). Net loss: US$11.2m (loss narrowed 37% from 2Q 2023). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry.
お知らせ • Aug 01TeraWulf Inc. to Report Q2, 2024 Results on Aug 12, 2024TeraWulf Inc. announced that they will report Q2, 2024 results on Aug 12, 2024
New Risk • Jul 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$76m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$76m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (Mex$4.2m sold).
Recent Insider Transactions • Jun 14Chief Accounting Officer & Treasurer recently sold Mex$4.2m worth of stockOn the 7th of June, Kenneth Deane sold around 70k shares on-market at roughly Mex$59.40 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Breakeven Date Change • May 15Forecast breakeven date pushed back to 2025The 4 analysts covering TeraWulf previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 52% to 2024. The company is expected to make a profit of US$100.3m in 2025. Average annual earnings growth of 149% is required to achieve expected profit on schedule.
New Risk • May 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$76m).
Reported Earnings • May 14First quarter 2024 earnings released: US$0.034 loss per share (vs US$0.16 loss in 1Q 2023)First quarter 2024 results: US$0.034 loss per share (improved from US$0.16 loss in 1Q 2023). Revenue: US$42.4m (up 268% from 1Q 2023). Net loss: US$9.90m (loss narrowed 63% from 1Q 2023). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Global Software industry.
お知らせ • May 01TeraWulf Inc. to Report Q1, 2024 Results on May 13, 2024TeraWulf Inc. announced that they will report Q1, 2024 results on May 13, 2024
Board Change • Apr 17High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Co-Founder, COO, CTO & Executive Director Nazar Khan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Mar 21TeraWulf Inc., Annual General Meeting, Apr 16, 2024TeraWulf Inc., Annual General Meeting, Apr 16, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider and approve the election of Paul Prager, Nazar Khan, Kerri Langlais, Michael Bucella, Walter Carter, Amanda Fabiano, Christopher Jarvis, Catherine Motz, Steven Pincus and Lisa Prager to the Company’s Board of Directors for one-year terms; to consider and approve the approval, on a non-binding, advisory basis, of the compensation of our named executive officers; and to consider other matters.
