Terawulf Inc. WULF

What this company does

TeraWulf Inc. is a vertically integrated owner, developer and operator of large-scale digital infrastructure in the United States that supports high-performance computing (HPC) workloads, including artificial intelligence, machine learning and advanced cloud applications. The company currently derives the majority of its revenue from bitcoin mining. As of the date of its Annual Report, it had 141 full-time employees, including employees of Beowulf E&D, its wholly owned subsidiary, who perform services related to construction, technical and engineering, operations and maintenance, procurement, information technology, finance and accounting, human resources, legal, risk management and external affairs consultation. Its contracted HPC platform consists of two primary campuses, the Lake Mariner Data Campus, located in Barker, New York, and the Abernathy HPC Campus, located in Abernathy, Texas, which together have contracted 522 MW of critical IT load. As of December 31, 2025, the Lake Mariner Data Campus operated 245 MW of legacy bitcoin mining capacity and had 18 MW of critical IT HPC capacity. TeraWulf was incorporated under the laws of the State of Delaware in February 2021 and commenced trading on The Nasdaq Stock Market LLC under the symbol "WULF" on December 14, 2021.

Written from the business description in TeraWulf Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.