Terawulf WULF
NASDAQ WULF
$15.40 +0.91 (+6.31%)
As of: Sep 16, 2026 · 3:59 PM EDT

Terawulf (WULF) Capital Expenditures (2010 - 2026)

Terawulf's (WULF) quarterly Capital Expenditures came in at $855.6 million in Q2 2026, up 613.31% year-over-year from $119.9 million in Q2 2025, and up 63.6% quarter-over-quarter from $523.0 million in Q1 2026.

Analysis

Terawulf (WULF) Capital Expenditures (2010 - 2026) Analysis & Trends

Terawulf has disclosed Capital Expenditures across 17 years of filings, most recently posting $855.6 million for Q2 2026.

  • In Q2 2026, Capital Expenditures rose 613.31% year-over-year to $855.6 million; the TTM figure through Jun 2026 stood at $2.2 billion (up 473.49% YoY), while the FY2025 annual figure was $1.1 billion, up 295.68% from the prior year.
  • Capital Expenditures came in at $855.6 million for Q2 2026 at Terawulf, up from $523.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $855.6 million in Q2 2026 to a low of $6.0 million in Q2 2023.
  • Average Capital Expenditures over 5 years is $157.9 million, with a median of $40.2 million recorded in 2023.
  • Year-over-year, Capital Expenditures plunged 91.6% in 2022 and jumped 1017.18% in 2025.
  • Over 5 years, Capital Expenditures stood at $7.2 million in 2022, then jumped by 371.14% to $33.8 million in 2023, then jumped by 354.86% to $153.6 million in 2024, then soared by 300.3% to $615.0 million in 2025, then jumped by 39.12% to $855.6 million in 2026.
  • Per Business Quant data, the three most recent Capital Expenditures figures were $855.6 million in Q2 2026, $523.0 million in Q1 2026, and $615.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 1.58 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 855.56 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 410.30 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 1.29 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn -
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 565.02 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn -223.03 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 855.56 Mn
Mar 31, 2026 522.95 Mn
Dec 31, 2025 614.99 Mn
Sep 30, 2025 231.57 Mn
Jun 30, 2025 119.94 Mn
Mar 31, 2025 93.69 Mn
Dec 31, 2024 153.63 Mn
Sep 30, 2024 20.73 Mn
Jun 30, 2024 46.60 Mn
Mar 31, 2024 46.98 Mn
Dec 31, 2023 33.78 Mn
Sep 30, 2023 25.40 Mn
Jun 30, 2023 6.00 Mn
Mar 31, 2023 9.99 Mn
Dec 31, 2022 7.17 Mn
Sep 30, 2022 8.48 Mn
Jun 30, 2022 17.72 Mn
Mar 31, 2022 27.75 Mn
Dec 31, 2021 85.37 Mn
Sep 30, 2021 30.45 Mn