Terawulf (WULF) Asset Utilization Ratio (2011 - 2026)
Terawulf's (WULF) Asset Utilization Ratio came in at 0.02 for Q2 2026, down 88.2% from 0.19 a year earlier and down 11.4% from the prior quarter.
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Analysis
Terawulf (WULF) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Terawulf's Asset Utilization Ratio stood at 0.05, down 80.9% from FY2024.
- In prior years, Terawulf's Asset Utilization Ratio was 0.24 in FY2024 (+20.8%), 0.20 in FY2023 (+285.6%) and 0.05 in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Asset Utilization Ratio in data going back to Q3 2011.
- On a year-over-year basis, Asset Utilization Ratio has declined in each of the last six quarters, with an average decline of 37.0% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was Q4 2023, with growth of 318.9%; the weakest was Q1 2022, with a decline of 92.0%.
- According to Business Quant data, Asset Utilization Ratio for the three prior quarters was 0.02 (Q1 2026), 0.04 (Q4 2025) and 0.11 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 0.46 |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 0.45 |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | 0.40 |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 0.24 |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | 0.05 |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | 0.11 |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 1.10 |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 0.67 |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 0.63 |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.02 |
| Mar 31, 2026 | 0.02 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.26 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.27 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.18 |
| Jun 30, 2023 | 0.13 |
| Mar 31, 2023 | 0.08 |
| Dec 31, 2022 | 0.05 |
| Mar 31, 2022 | 0.05 |
| Sep 30, 2021 | 1.28 |
| Jun 30, 2021 | 0.68 |
| Mar 31, 2021 | 0.57 |
| Dec 31, 2020 | 0.87 |
API Access
Terawulf Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();