Cash Flow Statement
Growth Metrics

Terawulf (WULF) Capital Expenditures (2016 - 2026)

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

  • On a quarterly basis, Capital Expenditures rose 300.3% to $615.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.1 billion, a 295.68% increase, with the full-year FY2025 number at $1.1 billion, up 295.68% from a year prior.
  • Capital Expenditures hit $615.0 million in Q4 2025 for Terawulf, up from $231.6 million in the prior quarter.
  • Over the last five years, Capital Expenditures for WULF hit a ceiling of $615.0 million in Q4 2025 and a floor of -$23.7 million in Q2 2021.
  • Historically, Capital Expenditures has averaged $79.0 million across 5 years, with a median of $29.1 million in 2021.
  • The widest YoY moves for Capital Expenditures: up 17439.32% in 2021, down 160257.83% in 2021.
  • Tracing WULF's Capital Expenditures over 5 years: stood at $85.4 million in 2021, then tumbled by 91.6% 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.
  • Business Quant data shows Capital Expenditures for WULF at $615.0 million in Q4 2025, $231.6 million in Q3 2025, and $119.9 million in Q2 2025.