{"data":{"ticker":"WULF","slug":"terawulf","name":"TeraWulf","exchange":"NASDAQ","sector":"Financial Services","headquarters":"Easton, Maryland","ceo":"Paul B. Prager","employees":141,"website":"https://www.terawulf.com","founded":"2021","layers":[{"slug":"neoclouds","name":"Neoclouds"}],"exposure":{"score":85,"tier":"Core","rationale":"TeraWulf converts its low-cost zero-carbon power sites into GPU hosting and AI data center capacity sold to compute customers. The investment thesis has shifted almost entirely from bitcoin mining to AI hosting contracts, making buildout demand the core driver."},"quote":{"price":11.37,"change24hPct":12.8,"change7dPct":-3.07,"change30dPct":-16.7,"change1yPct":-18.44,"high52w":28.98,"low52w":10.08,"marketCap":5673273856,"peRatio":null,"eps":-4.43,"volume24h":1201864076},"nextEarningsDate":"2026-11-06","summary":"TeraWulf operates data centers powered by zero-carbon energy. The company began in bitcoin mining and now converts its low-cost nuclear and hydroelectric-powered sites into GPU hosting and AI data center capacity sold to compute customers.","explainer":["TeraWulf operates data centers powered by zero-carbon energy. The company began in bitcoin mining and now converts its low-cost nuclear and hydroelectric-powered sites into GPU hosting and AI data center capacity sold to compute customers.","Its offerings are AI data center hosting, zero-carbon AI compute, GPU cloud infrastructure, and nuclear-powered capacity. The pitch combines cheap clean power with the facilities AI workloads need.","Founded in 2021 and headquartered in Easton, Maryland, TeraWulf trades on the NASDAQ, employs roughly 60 people, and is led by CEO Paul Prager."],"buildoutRole":"TeraWulf sits in the Neoclouds layer of the AI buildout. Its edge is energy: sites with low-cost, zero-carbon nuclear and hydroelectric power that can be filled with GPUs and sold as AI hosting capacity. The investment thesis has shifted almost entirely from bitcoin mining to AI hosting contracts, making buildout demand the core driver of the business. That direct dependence earns it a Supercycle AI Exposure Score of 85 out of 100.","faq":[{"q":"What does TeraWulf do?","a":"TeraWulf converts its zero-carbon powered data center sites into GPU hosting and AI compute capacity sold to customers. The company started in bitcoin mining and now centers on AI hosting."},{"q":"How is TeraWulf exposed to AI?","a":"Almost entirely. Supercycle scores it 85 out of 100. Its thesis has shifted from bitcoin mining to AI hosting contracts, making AI compute demand the core driver of the business."},{"q":"Is WULF a pure play AI stock?","a":"Largely yes by exposure. Supercycle's 85 out of 100 score reflects a business now built around AI hosting contracts, though its bitcoin mining roots and energy assets still shape the company."},{"q":"What are TeraWulf's main products?","a":"AI data center hosting, zero-carbon AI compute, GPU cloud infrastructure, and nuclear-powered capacity. All combine its low-cost clean energy sites with facilities for AI workloads."},{"q":"Where is TeraWulf headquartered and who leads it?","a":"TeraWulf is headquartered in Easton, Maryland, and led by CEO Paul Prager. The company was founded in 2021, trades on the NASDAQ, and employs roughly 60 people."}],"history1y":[{"date":"2026-09-28","close":15.12},{"date":"2026-09-29","close":15.09},{"date":"2026-09-30","close":14.8},{"date":"2026-10-01","close":14.91},{"date":"2026-10-02","close":15.49},{"date":"2026-10-05","close":14.79},{"date":"2026-10-06","close":14.97},{"date":"2026-10-07","close":14.4},{"date":"2026-10-08","close":13.65},{"date":"2026-10-09","close":13.77},{"date":"2026-10-12","close":13.37},{"date":"2026-10-13","close":13.21},{"date":"2026-10-14","close":11.54},{"date":"2026-10-15","close":12.62},{"date":"2026-10-16","close":11.68},{"date":"2026-10-19","close":12.06},{"date":"2026-10-20","close":12.01},{"date":"2026-10-21","close":12.76},{"date":"2026-10-22","close":11.32},{"date":"2026-10-23","close":11.32},{"date":"2026-10-26","close":11.98},{"date":"2026-10-27","close":12.66},{"date":"2026-10-28","close":13.42},{"date":"2026-10-29","close":12.75},{"date":"2026-10-30","close":11.73},{"date":"2026-11-02","close":10.94},{"date":"2026-11-03","close":12.53},{"date":"2026-11-04","close":11.7},{"date":"2026-11-05","close":10.08},{"date":"2026-11-06","close":11.37}],"incomeStatements":[{"ticker":"WULF","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":168455000,"cost_of_revenue":82663000,"gross_profit":85792000,"operating_expense":0,"operating_income":-170309000,"net_income":-661416000,"earnings_per_share":-1.66,"earnings_per_share_diluted":-1.66,"research_and_development":0,"selling_general_and_administrative_expenses":147757000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"WULF","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":140051000,"cost_of_revenue":62608000,"gross_profit":77443000,"operating_expense":0,"operating_income":-60592000,"net_income":-72418000,"earnings_per_share":-0.21,"earnings_per_share_diluted":-0.21,"research_and_development":0,"selling_general_and_administrative_expenses":70578000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"WULF","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":69229000,"cost_of_revenue":27315000,"gross_profit":41914000,"operating_expense":0,"operating_income":-28343000,"net_income":-73421000,"earnings_per_share":-0.35,"earnings_per_share_diluted":-0.35,"research_and_development":0,"selling_general_and_administrative_expenses":37018000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"WULF","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":15033000,"cost_of_revenue":11083000,"gross_profit":3950000,"operating_expense":0,"operating_income":-42857000,"net_income":-90791000,"earnings_per_share":-0.82,"earnings_per_share_diluted":-0.82,"research_and_development":0,"selling_general_and_administrative_expenses":36050000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"WULF","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":6558182000,"current_assets":3478273000,"cash_and_equivalents":3266389000,"total_liabilities":6417737000,"current_liabilities":1735848000,"total_debt":5195726000,"shareholders_equity":140445000,"retained_earnings":-993692000},{"ticker":"WULF","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":787511000,"current_assets":281431000,"cash_and_equivalents":274065000,"total_liabilities":543066000,"current_liabilities":51845000,"total_debt":491248000,"shareholders_equity":244445000,"retained_earnings":-332276000},{"ticker":"WULF","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":378106000,"current_assets":62587000,"cash_and_equivalents":54439000,"total_liabilities":155617000,"current_liabilities":154662000,"total_debt":124468000,"shareholders_equity":222489000,"retained_earnings":-259895000},{"ticker":"WULF","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":317687000,"current_assets":14144000,"cash_and_equivalents":1279000,"total_liabilities":199933000,"current_liabilities":126019000,"total_debt":129310000,"shareholders_equity":117754000,"retained_earnings":-186474000}],"holders13f":[{"slug":"stephen-mandel","personName":"Stephen Mandel","fundName":"Lone Pine Capital","value":596372238,"portfolioPct":0.03645806198244949,"change":"increased","period":"2026-06-30"},{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":2200301,"portfolioPct":0.00009026473537054678,"change":"trimmed","period":"2026-06-30"}],"news":[{"title":"TeraWulf Inc (WULF) (Q3 2026) Earnings Call Highlights: Securing Hyperscaler Backstops and ...","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/terawulf-inc-wulf-q3-2026-211423335.html?.tsrc=rss","date":"2026-11-06"},{"title":"What TeraWulf (WULF) Said on Its Q3 Earnings Call","source":null,"url":"https://www.marketbeat.com/instant-alerts/transcript-what-terawulf-wulf-said-on-its-q3-earnings-call-2026-11-06/?utm_source=yahoofinance&utm_medium=yahoofinance&.tsrc=rss","date":"2026-11-06"},{"title":"TeraWulf (WULF) Q3 2026 Earnings Call Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/06/terawulf-wulf-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-06"},{"title":"TeraWulf Inc. Q3 2026 Earnings Call Summary","source":null,"url":"https://app.moby.co/home/research/tools/earningsCalendar/earnings-terawulf-inc-q3-2026-earnings-call-summary?utm_source=yahoo_finance&utm_medium=rss&.tsrc=rss","date":"2026-11-06"},{"title":"TeraWulf earnings analysis: questions answered and next catalysts","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/terawulf-earnings-analysis-questions-answered-182346066.html?.tsrc=rss","date":"2026-11-06"},{"title":"Bernstein cuts price targets on seven AI infrastructure operators on Texas uncertainty, keeps ratings","source":null,"url":"https://blockspace.media/insight/bernstein-cuts-ai-infrastructure-targets/?.tsrc=rss","date":"2026-11-06"},{"title":"TeraWulf Rises 4% After Q3 Beat and Google-Backed Anthropic Lease; IREN Surges 17%, Cipher Digital Climbs 6%","source":null,"url":"https://247wallst.com/investing/2026/11/06/terawulf-rises-4-after-q3-beat-and-google-backed-anthropic-lease-iren-surges-17-cipher-mining-climbs-6/?.tsrc=rss","date":"2026-11-06"},{"title":"Anthropic Buildout Fuels TeraWulf's HPC Growth as Bitcoin Revenue Slides","source":null,"url":"https://www.cryptoprowl.com/releases/anthropic-buildout-fuels-terawulfs-hpc-growth-as-bitcoin-revenue-slides-7737?.tsrc=rss","date":"2026-11-06"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.681Z","tier":"free","source":"https://supercyclehq.com/stock/terawulf","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/WULF","html":"https://supercyclehq.com/stock/terawulf","md":"https://supercyclehq.com/stock/terawulf.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}