TeraWulf Future Growth
Future criteria checks 5/6
TeraWulf is forecast to grow earnings and revenue by 86% and 46.3% per annum respectively. EPS is expected to grow by 88.4% per annum. Return on equity is forecast to be -18.8% in 3 years.
Key information
86.0%
Earnings growth rate
88.44%
EPS growth rate
| Software earnings growth | 20.4% |
| Revenue growth rate | 46.3% |
| Future return on equity | -18.77% |
| Analyst coverage | Good |
| Last updated | 10 Sep 2026 |
Recent future growth updates
Recent updates
Narrative Update • Sep 03
WULF: Long Anthropic Lease Will Anchor Future AI Data Center Expansion
TeraWulf's updated analyst price target reflects a pullback to $54.27 from $57.04, as analysts factor in higher perceived risk through a raised discount rate, while still citing leasing revenue growth and long term AI data center contracts as key supports for the valuation. Analyst Commentary Recent Street research on TeraWulf points to a generally constructive tone, even as some price targets are adjusted.Seeking Alpha • Aug 28
TeraWulf: Massive Capacity Increase Driving Value
Summary TeraWulf (WULF) has strategically pivoted from Bitcoin mining to high-margin high-performance computing (HPC) leases, securing major contracts with Google and FluidStack. WULF’s aggressive data center buildout, including Chesapeake and Muskie campuses, underpins a projected ramp to 2,900 MW cloud capacity by decade’s end. I see significant upside for WULF, supported by a potential 10-12x forward price-to-revenue multiple and robust AI-driven demand trends. Key risks include ongoing negative earnings from debt-funded expansion and potential shareholder dilution due to equity issuance. Read the full article on Seeking Alpha
Narrative Update • Aug 17
WULF: Long Duration AI Leases And Power Assets Will Drive Returns
Analysts have trimmed their price target for TeraWulf from about $30 to $25, reflecting a blend of slightly softer margin and P/E assumptions while still highlighting progress in leasing revenue, long term AI data center contracts, and the perceived resilience of its power and colocation pipeline. Analyst Commentary Recent Street research on TeraWulf shows active engagement from multiple firms, with a mix of higher and lower price targets and a consistent focus on the company’s AI data center transition, lease pipeline, and power development portfolio.Analysis Article • Aug 10
TeraWulf Inc. (NASDAQ:WULF) Analysts Just Slashed This Year's Estimates
Today is shaping up negative for TeraWulf Inc. ( NASDAQ:WULF ) shareholders, with the analysts delivering a substantial...Analysis Article • Aug 07
TeraWulf Inc. (NASDAQ:WULF) Analysts Are Cutting Their Estimates: Here's What You Need To Know
The analysts might have been a bit too bullish on TeraWulf Inc. ( NASDAQ:WULF ), given that the company fell short of...
Narrative Update • Aug 03
WULF: Long Duration Anthropic Lease Will Anchor Future AI Compute Expansion
TeraWulf’s updated analyst price target moves to about $38 per share, with analysts citing stronger expectations for AI data center revenue growth, a slightly higher discount rate, and a lower assumed future P/E multiple to reflect recent HPC sector volatility. Analyst Commentary Recent research on TeraWulf focuses on how the company’s expanding AI and high performance compute data center portfolio could translate into long term contracted revenue and how current sector volatility affects valuation assumptions.Narrative Update • Jul 20
WULF: Long Duration AI Data Center Leases Will Drive Future Returns
The analyst fair value estimate for TeraWulf has moved from $22.00 to $30.00, as analysts factor in higher projected revenue growth, a modestly higher discount rate, slightly stronger profit margins, and a lower assumed future P/E. This follows a series of price target increases tied to long duration data center leases and recent research commentary around the Anthropic contract and New York data center moratorium.Narrative Update • Jul 06
WULF: Multi Gigawatt Power Pipeline Will Drive Future AI Compute Upside
The analyst price target for TeraWulf has been raised from $26.17 to $36.32, with analysts pointing to the company's expanding high performance compute and power development pipeline as key drivers behind the updated assumptions on growth, profitability, and future P/E multiples. Analyst Commentary Recent Street research on TeraWulf centers on the company's shift toward high performance compute and large scale power development, with multiple firms updating price targets and ratings based on how they see that plan affecting growth, execution risk, and valuation.Narrative Update • Jun 22
WULF: Expanding 3.8 GW Power Pipeline Will Accelerate Future AI Leasing
The updated analyst price target for TeraWulf reflects a modest reset in fair value to $57.04 from $57.84, as analysts factor in a lower discount rate, slightly higher revenue growth, revised profit margin expectations, and a reduced future P/E multiple informed by recent Street research highlighting its AI data center and power development pipeline. Analyst Commentary Recent Street research on TeraWulf points to a generally constructive stance, with several firms initiating coverage and revising price targets while focusing on the company’s AI data center shift, power development pipeline, and hyperscale relationships.Analysis Article • Jun 19
TeraWulf (WULF) Stock Could Be 11% Overvalued After Bank Of America Starts Coverage
Bank of America’s decision to initiate coverage on TeraWulf (WULF), highlighting its shift toward high performance computing and AI infrastructure projects such as Lake Mariner and the Muskie Data Campus, has put the stock firmly on investors’ radar. See our latest analysis for TeraWulf. Recent interest in TeraWulf has coincided with sharp price momentum, including a 4.02% 1 day share price return, 33.98% 30 day share price return and a 91.92% 90 day share price return. Over 1 year the total...Narrative Update • Jun 08
WULF: Expanding 3.8 GW Power Pipeline Will Support Future AI Leasing
Analysts lifted their blended TeraWulf price target to about $58 from roughly $41, citing the company's expanding multi gigawatt power and high performance infrastructure pipeline, growing hyperscaler backed order book, and capital light lease model, which they expect will support faster AI focused revenue scaling. Analyst Commentary Recent research on TeraWulf leans clearly positive, with a series of higher price targets and upbeat initiations centered on the stock's expanding power pipeline, hyperscaler backed contracts, and AI infrastructure focus.Narrative Update • May 25
WULF: Power Assets And 2.2 GW Portfolio Will Drive Future AI Leasing
Analysts have lifted the TeraWulf price target to about $40.51 from $33.99, citing updated assumptions around stronger AI data center driven revenue growth, a lower discount rate, and a higher future P/E after a series of upward target revisions across the Street. Analyst Commentary Recent Street research around TeraWulf has been broadly constructive, with a series of price target adjustments and fresh coverage that center on the company’s pivot toward AI data centers and away from legacy Bitcoin mining.Narrative Update • May 02
WULF: Power Portfolio Monetization And HPC Transition Will Shape Future Returns
The analyst fair value estimate for TeraWulf has increased to $22.00 from $20.00, reflecting updated assumptions on growth, profitability, and discount rates as analysts respond to a series of recent price target increases across the Street. Analyst Commentary Recent research on TeraWulf has centered on how quickly the company can execute its shift away from Bitcoin mining and toward high performance computing, and how that shift should be reflected in valuation.Narrative Update • Apr 17
WULF: AI Compute Pivot And Contracted Power Portfolio Will Drive Future Upside
Analysts have lifted the TeraWulf fair value estimate from about $22.10 to roughly $26.17, reflecting higher modeled revenue growth, a stronger profit margin profile, and updated P/E assumptions that incorporate recent price target increases across several research firms. Analyst Commentary Recent Street research around TeraWulf reflects a mix of optimism about the company’s repositioning and some caution around execution and capital needs, which feeds directly into the updated fair value estimate.Narrative Update • Apr 03
WULF: Power Portfolio Monetization And Crypto Policy Clarity Will Drive Future Returns
The analyst fair value estimate for TeraWulf has shifted from $17.00 to $20.00, reflecting updated views on its transition toward high performance computing, revised EBITDA assumptions, and a higher future P/E multiple that analysts link to growing confidence in the company fully utilizing its 2.2 GW power portfolio. Analyst Commentary Recent Street research around TeraWulf centers on how quickly and efficiently the company can shift away from Bitcoin mining toward high performance computing, and what that means for earnings power, capital needs, and the value of its 2.2 GW power portfolio.Narrative Update • Mar 20
WULF: Power Assets And 2.2 GW Portfolio Will Support Future AI Hosting
Analyst price targets for TeraWulf have shifted within a relatively tight range, with some firms trimming expectations by about $1 while others lifted targets by $3 to $7, as analysts incorporate higher spending, accounting changes around the Abernathy joint venture, and growing confidence in the company’s transition from Bitcoin mining to AI focused high performance computing. Analyst Commentary Bullish analysts are largely framing the recent pullback as a reset rather than a change in the core thesis, pointing to the AI focused high performance computing shift and the company’s power assets as key pillars of their views.Narrative Update • Mar 06
WULF: Power Portfolio Monetization Will Anchor Future AI Hosting Cash Flow
The analyst fair value estimate for TeraWulf has increased from $26.00 to about $34.00. Analysts attribute this change to rising price targets, a shift toward high performance computing, and expectations around monetizing the company’s 2.2 GW power portfolio.Narrative Update • Feb 20
WULF: Crypto Policy Clarity And Fair Valuation Will Shape Mining Exposure
Analysts kept their $17.00 price target for TeraWulf unchanged, citing a mix of slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions, supported by recent bullish initiation commentary and broader crypto policy concerns in Street research. Analyst Commentary Street research around TeraWulf highlights a split view, with some upbeat initiation commentary on the business model and crypto exposure, while others flag policy and market structure risks that could weigh on sentiment.Narrative Update • Feb 06
WULF: Expanded High Performance Computing Contracts Will Reshape Crypto Infrastructure Exposure
Narrative Update on TeraWulf Analysts have lifted their price target on TeraWulf to about US$17.00 from roughly US$7.51, citing stronger modeled revenue growth, a higher future P/E multiple, and recent research noting Q3 adjusted EBITDA of US$18.1m and expanded high performance computing and colocation plans as key supports for the updated valuation framework. Analyst Commentary Recent Street research around TeraWulf highlights both interest in the story and pockets of caution, particularly around execution on growth plans and the broader crypto policy backdrop.Narrative Update • Jan 23
WULF: Long Dated Fluidstack Contracts Will Support Future High Performance Compute Capacity
Analysts have raised their price target on TeraWulf by about $0.66 to roughly $22, citing the company's expanded high performance compute contracts, long term hosting commitments and increased confidence in securing 250 to 500 MW of annual capacity as key supports for the revised valuation. Analyst Commentary Recent research on TeraWulf has focused on its shift toward high performance compute, the scale of its long term contracts, and the feasibility of its capacity goals.Narrative Update • Jan 08
WULF: Long Dated AI Hosting Contracts Will Anchor Future Cash Flow Visibility
Narrative Update: TeraWulf Analyst Price Targets Analysts have been lifting their price targets on TeraWulf into a roughly US$16 to US$23 range, citing recent Q3 performance; expanded long term AI and HPC contracts totaling up to US$9.5b in contracted revenue; and increased confidence in the company’s power capacity, data center build out, and financing position. Analyst Commentary Bullish analysts are clustering around higher valuation ranges for TeraWulf, with recent price targets cited between roughly US$16 and US$23.Narrative Update • Dec 23
WULF: Expanding AI Colocation Contracts Will Drive Long Term Cash Flow Visibility
TeraWulf's analyst fair value estimate has been lifted sharply to $26.00 from $15.00. Analysts highlight accelerating HPC and AI infrastructure growth, expanding long duration colocation contracts, and improved financing visibility despite a higher assumed discount rate and a more conservative margin outlook.Narrative Update • Dec 09
WULF: Expanding High Performance Computing Contracts Will Drive Long-Term AI Infrastructure Leadership
Analysts have nudged their average price target for TeraWulf higher to about $21.50, reflecting growing confidence in the company’s expanding high performance computing contracts, strengthened power portfolio, and improving financing profile. Analyst Commentary Recent Street research has been overwhelmingly constructive on TeraWulf, with multiple bullish analysts lifting price targets into the high teens and low twenties as they recalibrate models for the company’s transition toward high performance computing and AI infrastructure.Narrative Update • Nov 25
WULF: Expansion Of 168MW AI Infrastructure Will Drive Long-Term Leadership
TeraWulf's analyst price target has been modestly increased from $21.29 to $21.44 per share. Analysts cite stronger contract growth, elevated site acquisition activity, and an improved outlook for high-performance computing colocation as key drivers behind the revision.Narrative Update • Nov 07
WULF: New Mega Power Deal Will Drive Market Leadership Momentum
TeraWulf’s fair value price target has been raised significantly by analysts, increasing from approximately $15.73 to $21.29 per share. Recent research highlights expanded partnerships, improved revenue growth prospects, and growing confidence in the company’s ability to secure new capacity in a constrained market.Analysis Article • Nov 03
After Leaping 30% TeraWulf Inc. (NASDAQ:WULF) Shares Are Not Flying Under The Radar
Despite an already strong run, TeraWulf Inc. ( NASDAQ:WULF ) shares have been powering on, with a gain of 30% in the...Narrative Update • Oct 24
Power Expansion and Landmark Partnerships Will Drive Next Digital Infrastructure Phase
Analysts have raised their price target for TeraWulf from approximately $13.09 to $15.73. They cite accelerating AI and high-performance computing demand, a strengthened contract pipeline, and improved financing conditions.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 1,707 | 154 | -2,415 | 654 | 10 |
| 12/31/2027 | 914 | -258 | -3,149 | 179 | 14 |
| 12/31/2026 | 270 | -1,518 | -3,580 | -168 | 14 |
| 6/30/2026 | 165 | -1,949 | -2,736 | -279 | N/A |
| 3/31/2026 | 168 | -1,028 | -1,888 | -197 | N/A |
| 12/31/2025 | 168 | -661 | -1,183 | -123 | N/A |
| 9/30/2025 | 168 | -564 | -677 | -78 | N/A |
| 6/30/2025 | 144 | -132 | -450 | -62 | N/A |
| 3/31/2025 | 132 | -124 | -305 | 9 | N/A |
| 12/31/2024 | 140 | -72 | -292 | -24 | N/A |
| 9/30/2024 | 128 | -53 | -119 | 29 | N/A |
| 6/30/2024 | 120 | -49 | -100 | 53 | N/A |
| 3/31/2024 | 100 | -56 | -76 | 36 | N/A |
| 12/31/2023 | 69 | -73 | -71 | 4 | N/A |
| 9/30/2023 | 56 | -88 | -60 | -11 | N/A |
| 6/30/2023 | 40 | -102 | -51 | -20 | N/A |
| 3/31/2023 | 26 | -98 | -71 | -28 | N/A |
| 12/31/2022 | 15 | -86 | -107 | -34 | N/A |
| 9/30/2022 | 5 | -100 | -223 | -47 | N/A |
| 6/30/2022 | 2 | -73 | -228 | -45 | N/A |
| 3/31/2022 | 0 | -64 | -237 | -42 | N/A |
| 12/31/2021 | N/A | -51 | -206 | -26 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WULF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.7%).
Earnings vs Market: WULF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WULF is expected to become profitable in the next 3 years.
Revenue vs Market: WULF's revenue (46.3% per year) is forecast to grow faster than the US market (13.4% per year).
High Growth Revenue: WULF's revenue (46.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WULF is forecast to be unprofitable in 3 years.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 02:15 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TeraWulf Inc. is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pierre-Marie D'Ornano | Arete Research Services LLP |
| Martin Toner | ATB Cormark |
| Gautam Chhugani | Bernstein |