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Terawulf (WULF) Capital Expenditures (2016 - 2025)

Terawulf's Capital Expenditures history spans 16 years, with the latest figure at $615.0 million for Q4 2025.

  • For Q4 2025, Capital Expenditures rose 300.3% year-over-year to $615.0 million; the TTM value through Dec 2025 reached $1.1 billion, up 295.68%, while the annual FY2025 figure was $1.1 billion, 295.68% up from the prior year.
  • Capital Expenditures for Q4 2025 was $615.0 million at Terawulf, up from $231.6 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $615.0 million in Q4 2025 and bottomed at $6.0 million in Q2 2023.
  • The 5-year median for Capital Expenditures is $27.7 million (2022), against an average of $87.5 million.
  • The largest annual shift saw Capital Expenditures surged 17439.32% in 2021 before it plummeted 66.13% in 2023.
  • A 5-year view of Capital Expenditures shows it stood at $23.7 million in 2021, then crashed by 69.75% to $7.2 million in 2022, then surged by 371.14% to $33.8 million in 2023, then surged by 354.86% to $153.6 million in 2024, then skyrocketed by 300.3% to $615.0 million in 2025.
  • Per Business Quant, the three most recent readings for WULF's Capital Expenditures are $615.0 million (Q4 2025), $231.6 million (Q3 2025), and $119.9 million (Q2 2025).