TeraWulf

Mines bitcoin and rents out data center space for AI.

Company Health

Banks and lenders are judged with different measures, so we don’t give them a score.

Its yearly figures are still below.

Who owns it

1 of 23 own it · 1 bought more lately

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From TeraWulf’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $13.4 million in 2020 to $168 million in 2025, and it lost money every year.

2025

Sales

$168 million

Loss

$661 million

Spare cash each year

It spent more cash than it brought in every year: $1.18 billion more in 2025.

2025

Cash shortfall

$1.18 billion

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $6.56 billion, including $3.27 billion in cash, and owed $6.42 billion.

Key facts

From its yearly report for 2025.

Sales

$168 million

Loss

$661 million

Cash shortfall

$1.18 billion

Cash in the bank

$3.27 billion

Everything it owes

$6.42 billion

Year ends

December

Money shown in

U.S. dollars

Latest yearly report

10-K, filed Feb 27, 2026

Figures from TeraWulf’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works