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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |