The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 3 | — | 20.8x | Bottom tier | |
Growth | 67 | 27.3% | 6.1% | Top tier | |
Quality | 0 | — | — | Bottom tier | |
Safety | 4 | — | — | Bottom tier | |
Capital Return | 3 | 0.00% | 2.02% | Bottom tier | |
Momentum | 72 | 478.4% | 4.1% | Top tier | |
Sentiment | 40 | 6 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
TeraWulf Inc. (WULF) is a leading digital energy infrastructure company, with an operational strategy focused on developing and managing data centers dedicated to high-performance computing (HPC), artificial intelligence (AI), and Bitcoin mining. The company employs a business model based on controlling sites with robust power advantages, engineering electrical infrastructure, and entering into long-term contracts with highly creditworthy counterparties to provide computing capacity. The company is gradually transitioning from volatile digital asset mining as its core activity to leasing HPC infrastructure to secure stable, recurring revenues.
During the first quarter of fiscal year 2026, TeraWulf Inc. generated revenues of $34.0 million, compared to $35.8 million in the fourth quarter of 2025, driven by lower Bitcoin production. However, the high-performance computing (HPC) leasing segment experienced exceptional growth of 117% to reach $21 million compared to $9.7 million in the previous quarter, while digital asset mining contributed only $13 million. The company recorded a net loss of $427.6 million in the first quarter of 2026 compared to a loss of $126.6 million in the fourth quarter of 2025, resulting from non-cash fair value adjustments of $216.3 million on warrant liabilities associated with Google and non-cash stock-based compensation, while total assets stood at $7 billion against total liabilities of $7.1 billion.
TeraWulf Inc. (WULF) stock currently trades below the analysts' consensus average price target of $36.94, with forecasts ranging from a low of $28 to a high of $66.5. The stock enjoys a general analyst consensus of a 'Buy' recommendation, supported by a market capitalization of $13.4 billion and a rapid transition to the high-margin high-performance computing segment. However, the company's P/E ratio remains negative due to the net losses incurred over the past 12 months, which totaled $901.1 million.
Figures in the text are as of 2026-06-15; the live price is shown at the top of the page.
TeraWulf Inc. plans to invest a massive sum of up to $3.7 billion to transform a former aluminum smelter site in Hawesville, Kentucky, into a state-of-the-art data center dedicated to artificial intelligence. The company aims to operationalize a capacity of up to 480 MW in the second half of 2027, and is currently in highly competitive final-stage negotiations to contract with a high-quality, creditworthy customer to operate the site. Additionally, following the end of the first quarter, the company repaid and settled the $100 million bridge credit facility allocated for this project.
The first quarter of 2026 witnessed a prominent shift in TeraWulf Inc.'s business model, as high-performance computing (HPC) leasing revenues reached approximately $21 million, recording a 117% jump compared to $9.7 million in the fourth quarter of 2025. In contrast, digital asset (Bitcoin) mining revenues fell to approximately $13 million due to lower production volume. The company plans to maintain a mining capacity of 5 to 6 exahashes for the remainder of the year before gradually exiting this activity by the next Bitcoin halving.
The main reason behind the net loss of $427.6 million in the first quarter of 2026 is non-cash accounting items that do not affect the company's actual liquidity. These items include a $216.3 million loss resulting from the change in the fair value of warrant liabilities granted to Google, in addition to stock-based compensation expenses of $101.5 million. Furthermore, depreciation costs of $28.5 million and property and equipment impairment charges of $25.7 million contributed to the increased book loss.
Automated analysis for informational purposes only — not investment advice.
TeraWulf Inc. possesses an extremely strong financing structure, ending the first quarter of 2026 with total cash and restricted cash of $3.1 billion on its consolidated balance sheet. At the parent company level, available and unrestricted cash rose from $300 million at the end of March to approximately $1.5 billion after accounting for the proceeds of the equity capital raise conducted in April 2026. Additionally, subsidiaries such as WULF Compute hold cash of $2.8 billion to fund remaining capital expenditures.
The Abernathy joint venture in Texas (in which TeraWulf Inc. holds a 50.1% stake) is being developed under a lump-sum engineering, procurement, and construction (EPC) agreement with Hypertec, with Fluidstack leading the development and construction. As of March 31, 2026, the joint venture holds approximately $1.4 billion in total cash (or $1 billion excluding restricted reserves), with capital expenditures of $0.4 billion completed and $0.9 billion remaining to fully complete the project according to the agreed schedule.