“During the six months ended June 30, 2026, there were significant curtailment periods for the Company’s bitcoin mining operations due to sustained low temperatures throughout the Northeastern United States which led to significantly reduced power consumption…”10-Q · Aug 5, 2026 ↗
TeraWulf Inc.
WULF
Market read
TeraWulf Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
- Monitor realized cost of power at Lake Mariner, which the filing reports turned net-negative during sustained low temperatures due to demand response proceeds.
Invalidation: The isolated read changes if WULF's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Monitor realized cost of power at Lake Mariner, which the filing reports turned net-negative during sustained low temperatures due to demand response proceeds.
Company research
Understand the business, not just the ticker
For brokers and capital-markets platforms, the key question is how client activity, interest rates, customer balances, margin lending and market conditions translate into earnings and capital needs.
- Can client and activity growth offset pressure from lower rates or weaker trading volumes?
- Are customer balances, margin lending and credit conditions changing the risk profile?
- Does the valuation reflect a durable earnings model or unusually favorable market conditions?
- Latest annual revenue changed +20.3% year over year.
- Operating margin changed -56.1 percentage points in the latest annual period.
- Net margin changed -340.9 percentage points in the latest annual period.
- Diluted shares increased 13.2% in the latest annual period.
- EV/sales is 317% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
16.13Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
Valuation discipline
Descriptive valuation snapshot
Price/sales 38.1× · EV/sales 36.8×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WULF. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for WULF. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind WULF
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
TLNTalen Energy CorporationpartnerFeb 27, 2026 ▾
“The Nautilus Cryptomine Facility Located in Berwick, Pennsylvania, Nautilus was a joint venture between TeraWulf and Talen Member.”
TLNTalen Energy CorporationinvesteeNov 10, 2025 ▾
“On October 2, 2024, the Company sold its entire 25% equity interest in Nautilus to the Talen Member.”
Depended on by
CORZCore Scientific, Inc.competitorMar 2, 2026 ▾
“Additionally, we compete with other digital asset miners who have signed contracts with AI / HPC customers to convert existing digital mining facilities into HDC facilities including: • Applied Digital Corporation; • Cipher Mining Inc.; • Galaxy Digital; • Hu…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 13 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WULF is currently a Follower in the organic co-movement group High-Beta Growth. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.