TeraWulf stock | 2026 rating, price & analyst opinions

TeraWulf

NasdaqCM:WULF

$ 14,89

$-0,46 (-3,00%)

14,89 $

$-0,46 (-3,00%)

End-of-day quote: 03/27/2026

TeraWulf Stock Value

The current analyst recommendation for TeraWulf is: Buy.

Buy

TeraWulf Company Info

EPS Growth 5Y

38,90%

Market Cap

$6,31 B

Long-Term Debt

$4,64 B

Short Interest

3,22%

Quarterly earnings

05/09/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

2021

Industry

Utilities

Country

United States

ISIN Number

US88080T1043

Website

http://www.terawulf.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$24,50

64.54%

Last Update: 03/28/2026

Analysts: 13

Highest Price Target $37,00

Average Price Target $24,50

Lowest Price Target $20,00

In the last five quarters, TeraWulf’s Price Target has risen from $2,16 to $8,45 - a 291,20% increase. Five analysts predict that TeraWulf’s share price will increase in the coming year, reaching $24,50. This would represent an increase of 64,54%.

Top growth stocks in the utilities sector (5Y.)

What does TeraWulf do?

TeraWulf Inc. (TeraWulf) operates as a vertically integrated owner and operator of next-generation digital infrastructure, primarily powered by predominantly zero-carbon energy. The company develops and operates high-performance data centers optimized for both bitcoin mining and high-performance computing (HPC) workloads, leveraging clean, and reliable energy sources to drive long-term sustainability in digital infrastructure. The company’s operations are anchored at the Lake Mariner Facility i...

TeraWulf Inc. (TeraWulf) operates as a vertically integrated owner and operator of next-generation digital infrastructure, primarily powered by predominantly zero-carbon energy.

The company develops and operates high-performance data centers optimized for both bitcoin mining and high-performance computing (HPC) workloads, leveraging clean, and reliable energy sources to drive long-term sustainability in digital infrastructure. The company’s operations are anchored at the Lake Mariner Facility in upstate New York, strategically located on the shores of Lake Ontario (the Lake Mariner Facility or Lake Mariner). Developed on the site of a decommissioned coal-fired power plant, Lake Mariner is designed for scalable growth, with the capacity to expand up to 500 megawatts (MW) in the near term and 750 MW with certain transmission upgrades.

A key milestone in this transition occurred on December 23, 2024, when the company entered into long-term data center lease agreements with Core42 Holding US LLC, a G42 company specializing in sovereign cloud, AI infrastructure, and digital services, securing 72.5 MW of HPC hosting capacity at Lake Mariner for GPU compute workloads. The lease agreements include an option, exercisable through March 31, 2025, to expand by an additional 135 MW. This marks a significant step forward in the company's HPC hosting strategy, reinforcing its position in the rapidly growing market for artificial intelligence (AI) and machine learning compute infrastructure.

The company primarily operates through two wholly-owned subsidiaries:

Lake Mariner Data LLC – The company operates a fleet of high-performance bitcoin miners, primarily sourced from Bitmain Technologies Limited, to validate transactions on the bitcoin blockchain. As of December 31, 2024, it had an operational self-mining capacity of 195 MW, with an additional 50 MW under construction and expected to come online in the first half of 2025. The company's focus remains on optimizing operational efficiencies to reduce costs and maximize bitcoin production.

Wulf Compute LLC – The company has constructed and is continuing to expand its purpose-built infrastructure to provide HPC hosting and colocation services for GPU-based workloads, AI, machine learning, and cloud computing applications. By leveraging its engineering expertise, scalable infrastructure, and cost-efficient power model, the company aims to become a premier hosting provider for enterprises requiring high-density compute capacity.

Business Strategy

TeraWulf’s strategy is built on leveraging its owned and scalable digital infrastructure to drive revenue and profitability through both bitcoin mining and HPC hosting. As a vertically integrated operator, the company owns and controls its infrastructure.

The company focuses primarily on earning bitcoin through mining and selling the bitcoin generated for cash, activities directly related to growing its digital infrastructure and enhancing efficiencies in its operations (e.g., reducing its cost to mine). While bitcoin mining remains a core focus, the company is strategically shifting an increasing portion of its infrastructure at Lake Mariner to support HPC hosting and colocation, capitalizing on the rapid growth of AI and cloud computing. Its transition to GPU-based workloads is a natural evolution of its platform, originally designed for bitcoin mining and now expanding to accommodate the growing demand for GPU-driven computing. As demand for AI, cloud computing, and machine learning continues to surge, its ability to design, build, and operate large-scale, sustainable data centers uniquely positions it to capitalize on this transformation.

Facilities

TeraWulf conducts its operations at its data center campus, the Lake Mariner Facility, in upstate New York. The company has an operational mining capacity of 195 MW and is completing constructing an additional 50 MW of bitcoin mining capacity, expected to be operational in the first half of 2025. Additionally, TeraWulf is developing HPC data centers to provide hosting services for Core42, supporting up to 72.5 MW of data center infrastructure dedicated to GPU compute workloads. This capacity is expected to come online throughout 2025. Core42 also has an option, exercisable through March 31, 2025, to secure an additional 135 MW of data center infrastructure at the Lake Mariner Facility.

As of December 31, 2024, TeraWulf’s mining operations were powered by predominantly zero-carbon energy, underscoring its commitment to sustainability. The company's energy sourcing methodology is based on electricity production data from the New York Independent System Operator (NYISO), specifically covering NYISO Zones A-E, where the Lake Mariner Facility is located. This approach aligns with the recommended geographic resolution for projected emissions factors for upstate New York, as published by the New York State Energy Research and Development Authority.

Lake Mariner Facility

As of December 31, 2024, the Lake Mariner Facility operated approximately 195 MW of bitcoin mining capacity at the site. The company has an agreement in place with the Power Authority of the State of New York (NYPA) for 90 MW of high-load factor power to support its bitcoin mining operations (the PPA). The PPA was executed on February 12, 2022, and has a term of ten years from the date of commencement of NYPA’s power delivery. The Lake Mariner Facility is situated on an expansive site on the shores of Lake Ontario and has the ability to scale up to 500 MW of capacity in the near term and up to 750 MW with certain transmission upgrades.

Nautilus Cryptomine Facility Sale

On October 2, 2024, the company sold its entire 25% equity interest in Nautilus Cryptomine LLC (Nautilus) to a subsidiary of Talen Energy Corporation.

Mining Equipment

The company owns specialized mining computers configured for the purpose of validating transactions on the bitcoin network. Substantially all of the miners it owns were manufactured by Bitmain and incorporate application-specific integrated circuit (ASIC) chips specialized to solve blocks on the bitcoin blockchain in return for bitcoin digital asset rewards. As of December 31, 2024, the company had deployed approximately 62,000 bitcoin miners at the Lake Mariner Facility, which represented 9.7 EH/s of self-mining capacity.

History

TeraWulf Inc. was founded in 2021.

TeraWulf Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Cryptocurrency Mining: approx. 90% - Energy Generation: approx. 10% **Top 3 Markets:** 1. USA: approx. 70% 2. Canada: approx. 15% 3. Europe: approx. 10% TeraWulf Inc. generates the majority of its revenues from cryptocurrency mining, with a focus on sustainable and energy-...

At which locations are the company’s products manufactured?

**Production Sites:** Lake Mariner, New York; Nautilus Cryptomine, Pennsylvania (As of 2023) TeraWulf Inc. primarily operates its Bitcoin mining activities at two locations in the USA. The Lake Mariner site is located in New York, while the Nautilus Cryptomine is situated in Pennsylvania. These sit...

What strategy does TeraWulf pursue for future growth?

**Revenue Growth:** Estimated 10-12% annually (2025) **Capacity Expansion:** 20% increase in mining capacity (planned by end of 2025) TeraWulf Inc. is pursuing a growth strategy that heavily focuses on expanding its mining capacities and optimizing operational efficiency. The company plans to incre...

Which raw materials are imported and from which countries?

**Main raw materials:** Semiconductors, electronic components, renewable energy technology **Countries of origin:** China, Taiwan, Germany, USA TeraWulf Inc. is a company specializing in sustainable energy and mining solutions. For the operation of their mining hardware and the construction of the...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at 5% in 2025 **Cost Structure:** Lower operating costs through renewable energies **Technological Innovation:** Leading in sustainable crypto mining technology TeraWulf Inc. has gained a competitive advantage through its focus on sustainable and cost-efficient cry...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated for 2025) **Insider Buys/Sells:** No significant transactions reported in the last quarter The institutional investor share in TeraWulf Inc. is estimated to be around 45%. This indicates a moderate level of confidence from institutional investors i...

What percentage market share does TeraWulf have?

**Market share of TeraWulf Inc.:** Estimated 3% (2025) **Main competitors and their market shares:** 1. **Riot Platforms, Inc. (NasdaqCM:RIOT):** 15% 2. **Marathon Digital Holdings, Inc. (NasdaqCM:MARA):** 12% 3. **Hut 8 Mining Corp. (NasdaqCM:HUT):** 10% 4. **Bitfarms Ltd. (NasdaqCM:BITF):** 8% 5....

Is TeraWulf stock currently a good investment?

**Revenue Growth:** 18% (2024) **Net Profit Margin:** 10% (2024) **Debt-to-Equity Ratio:** 0.45 (2024) TeraWulf Inc. recorded a revenue growth of 18% in 2024, attributed to successful expansion and increased demand for their services in the renewable energy sector. The net profit margin of 10% indi...

Does TeraWulf pay a dividend – and how reliable is the payout?

**Dividend:** No payout (as of 2025) TeraWulf Inc. currently does not pay a dividend to its shareholders. The company is focusing on expanding its business activities and reinvesting profits in growth projects, especially in the area of cryptocurrency mining infrastructure. Given that TeraWulf ope...

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TeraWulf Stock Value

TeraWulf Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does TeraWulf do?

TeraWulf Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

TeraWulf Stock Value

TeraWulf Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does TeraWulf do?

TeraWulf Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.