Terawulf, Inc. (WULF)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$16.51+1.73%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
QuarterlyIQ Insights · WULF
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -55.4% |
| Our one-year growth estimate | diamond | 60.8% |
Growth built into the price is above our model estimate.
The price assumes 116.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Elevated risk of a next-quarter earnings miss: this name has been missing across recent quarters and is on a run of consecutive earnings misses. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 27 industry peers · Company calendar date is not available
WULF — earnings miss
Dated 2026-08-05
Results of Operations and Financial Condition. On August 5, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release (“Press Release”) announcing the Company’s results for the second quarter ended June 30, 2026. The Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”) and is incorporated herein by reference.
Why it matters: The Muskie Data Campus is a key project. It could improve TeraWulf's market position.
Supportive ifManagement will give updates on the Muskie Data Campus project.
Worry ifNo news or delays are reported about the Muskie Data Campus acquisition.
Why it matters: Approval is necessary for TeraWulf to expand its data center capacity. It is a key step in their growth strategy.
Supportive ifFERC gives the final yes for the Morgantown generating station deal.
Worry ifApproval is denied or delayed a lot.
Why it matters: The earnings report will give important updates on how the company is doing.
Watch forA specific earnings date is announced. It comes with positive guidance.
Also watch forThere is no announcement of an earnings date or negative guidance.
Why it matters: A smaller loss shows better financial health and management of debts.
Supportive ifNet income loss narrows from $427.6 million in Q1 2026.
Worry ifNet income loss widens beyond $427.6 million in Q2 2026.
Why it matters: The stock offering's proceeds are vital for funding growth and managing debt.
Watch forManagement says they are using the stock offering money well for building and paying debt.
Also watch forManagement says there are issues with spending money or delays in projects.
Why it matters: Continued growth in HPC lease revenue is key to stabilizing TeraWulf's financials. It shows demand for their services.
Supportive ifQ3 HPC lease revenue grows year over year, exceeding $31.9 million from Q2.
Worry ifHPC lease revenue declines or fails to grow year over year.
Why it matters: Finishing CB-4 is key for TeraWulf's growth. It shows they are making progress.
Supportive ifCB-4 construction is on track. This allows for phased delivery and rent to start.
Worry ifCB-4 construction is delayed past the expected timeline.
Why it matters: News on payments will show how Terawulf is handling its debt and equity.
Watch forA press release will explain if Terawulf got better terms on the $250 million loan.
Also watch forA press release will indicate problems or defaults with the new credit facilities.
Why it matters: Liquidity from the stock offering is key for funding growth. Low liquidity may limit expansion.
Supportive ifManagement says there is enough liquidity after the offering. Funds will go to growth projects.
Worry ifThere are liquidity concerns. This means funds may not be enough for planned projects.
Why it matters: Finishing CB-3 is important. It will help increase capacity and make more money.
Supportive ifCB-3 will be done and running by May 2026.
Worry ifCB-3 construction is delayed beyond May 2026.
Why it matters: The Anthropic lease brings in a lot of money. Timely delivery affects TeraWulf's earnings.
Watch forAnthropic lease delivery starts on time in the second half of 2027.
Also watch forThe Anthropic lease delivery is late. It is past the expected timeline.
Why it matters: Finishing the Muskie Data Campus is important. It will help grow HPC capacity and revenue.
Supportive ifMuskie Data Campus construction is on track. Initial service is expected in Q4 2028.
Worry ifThere are delays or extra costs for the Muskie Data Campus construction.
Why it matters: If revenue growth drops below its median, it could signal a slowdown for Terawulf.
Worry ifSector revenue growth reported below its median rate.
Less concerning ifSector revenue growth remains above its median rate.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$350 on $10,000 · ±3.5% | How much price usually moves either way. |
| Bad day | $934 loss on $10,000 · 9.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,945 loss on $10,000 · 49.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.