Terawulf, Inc. (WULF)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-05
$10.08-13.85%
Close 2026-11-05 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-05
Research Workspace
Put WULF beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRanks in the weakest quality tier of its industry — roughly the bottom 7%, softest on free-cash-flow margins.
View QualityManagement screens weak on capital allocation, earnings delivery, margins, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 5% on a typical day and fell roughly 65% in its worst 12-month stretch.
View RiskWULF's shift to contracted HPC leases must drive revenue growth to justify the price. The 20-year Anthropic lease is expected to generate $19B in revenue. This long-term contract aims to stabilize the company's revenue stream. The stock trades at 35x sales versus a 2x peer median. This multiple is a significant premium to its sector peers. Our model puts the next-quarter miss probability near 56%. The company was unprofitable over the past year. Peer multiples imply a price about 64% above where it trades. This read is provisional. Our read remains intact.
Trailing returns as of 2026-11-05. WULF is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 25 analysts currently covering WULF (as of Nov 2026).
Based on 6 Wall Street analysts offering 12-month price targets for WULF in the last 4 months.
Continue this research
Compare WULF with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| WULF Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 1 valuation methods, at three horizons. As of 2026-11-05. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Compare the value case
Put WULF next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand hyperscale HPC development with Muskie Data Campus
Major hyperscaler credit support validates Muskie campus scale.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-05. EPS is implied from price ÷ P/E. Not investment advice.
Current $10.08
The last 12 months of price, then the range of analyst 12-month targets from today’s $10.08.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Transition to recurring HPC lease revenue
20-year Anthropic lease confirms massive recurring revenue and thesis shift.
Advances: Maintain substantial liquidity for development
Increased credit facility enhances liquidity for development projects.
Advances: Stabilize revenue with contracted HPC lease model
Analyst rating supports revenue stabilization through leasing model.
Advances: Contract 250-500 MW of incremental critical IT capacity annually
482MW power deal supports incremental capacity objective.
Advances: Expand hyperscale HPC development with Muskie Data Campus
Regulatory exemption removes development hurdle for Muskie campus.
Target cut indicates potential dilution concerns affecting valuation.
Advances: Stabilize revenue with contracted HPC lease model
Earnings call confirms progress on contracted lease model.
