TeraWulf (WULF *) 주식 개요는 자회사와 함께 미국에서 디지털 자산 기술 회사로 운영되고 있습니다. 자세히 보기WULF * 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장5/6과거 실적0/6재무 건전성2/6배당0/6강점수익은 매년 86.19% 증가할 것으로 예상됩니다.위험 분석지난 3개월 동안 주가 변동성이 MX 시장과 비교했을 때 매우 높았습니다.마이너스 주주 지분지난 1년 동안 주주가 희석되었습니다.지난 3개월 동안 상당한 내부자 매도가 있었습니다.모든 위험 점검 보기WULF * 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% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b966m2016201920222025202620282031Revenue US$966.1mEarnings US$116.6mAdvancedSet Fair ValueView all narrativesTeraWulf Inc. 경쟁사Horizon RoboticsSymbol: SEHK:9660Market cap: HK$88.3bHut 8Symbol: NasdaqGS:HUTMarket cap: US$11.9bRiot PlatformsSymbol: NasdaqCM:RIOTMarket cap: US$9.3bCipher DigitalSymbol: NasdaqGS:CIFRMarket cap: US$8.8b가격 이력 및 성과TeraWulf 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$394.9052주 최고가US$444.0052주 최저가US$72.50베타4.281개월 변동11.51%3개월 변동53.06%1년 변동430.07%3년 변동n/a5년 변동n/aIPO 이후 변동1,103.96%최근 뉴스 및 업데이트Breakeven 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).공시 • 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.공시 • 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).더 많은 업데이트 보기Recent 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).공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • Feb 06TeraWulf Inc. to Report Q4, 2025 Results on Feb 26, 2026TeraWulf Inc. announced that they will report Q4, 2025 results on Feb 26, 2026공시 • 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.공시 • Nov 01TeraWulf Inc. to Report Q3, 2025 Results on Nov 10, 2025TeraWulf Inc. announced that they will report Q3, 2025 results on Nov 10, 2025공시 • 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.공시 • Jul 24TeraWulf Inc. to Report Q2, 2025 Results on Aug 08, 2025TeraWulf Inc. announced that they will report Q2, 2025 results on Aug 08, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.주주 수익률WULF *MX SoftwareMX 시장7D1.3%0%0%1Y430.1%0%0%전체 주주 수익률 보기수익률 대 산업: WULF *은 지난 1년 동안 -9.2%의 수익을 기록한 MX Software 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: WULF *은 지난 1년 동안 15.7%를 기록한 MX 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is WULF *'s price volatile compared to industry and market?WULF * volatilityWULF * Average Weekly Movement12.0%Software Industry Average Movement0%Market Average Movement0%10% most volatile stocks in MX Market0%10% least volatile stocks in MX Market0%안정적인 주가: WULF *의 주가는 지난 3개월 동안 MX 시장보다 변동성이 컸습니다.시간에 따른 변동성: WULF *의 주간 변동성은 지난 1년간 17%에서 12%로 감소했지만 여전히 MX 종목의 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트2021141Paul Pragerwww.terawulf.com는 자회사와 함께 미국에서 디지털 자산 기술 회사로 운영되고 있습니다. 이 회사는 뉴욕과 펜실베니아에서 비트코인 채굴 시설을 개발, 소유, 운영하고 있습니다. 또한 타사에 마이너 호스팅 서비스를 제공하고 있습니다.더 보기TeraWulf Inc. 기초 지표 요약TeraWulf의 순이익과 매출은 시가총액과 어떻게 비교됩니까?WULF * 기초 통계시가총액Mex$195.82b순이익 (TTM)-Mex$17.80b매출 (TTM)Mex$2.91b67.3x주가매출비율(P/S)-11.0x주가수익비율(P/E)WULF *는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표WULF * 손익계산서 (TTM)매출US$168.06m매출원가US$60.47m총이익US$107.59m기타 비용US$1.14b순이익-US$1.03b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)-2.07총이익률64.02%순이익률-611.46%부채/자본 비율-6,815.2%WULF *의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 13:03종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TeraWulf Inc.는 16명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pierre-Marie D'OrnanoArete Research Services LLPMartin TonerATB CormarkNicholas GilesB. Riley Securities, Inc.13명의 분석가 더 보기
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).
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
