Terawulf (WULF) Convertible Debt (2024 - 2026)
Terawulf (WULF) posted Convertible Debt of $1.1 billion for Q2 2026, up 125.5% from $488.72 million a year earlier but down 31.0% from the prior quarter.
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Analysis
Terawulf (WULF) Convertible Debt (2024 - 2026) Analysis & Trends
At the end of FY2025, Terawulf's Convertible Debt came in at $1.58 billion, up 224.7% from FY2024.
- In prior years, Terawulf's Convertible Debt was $487.5 million in FY2024.
- Quarterly Convertible Debt has run from a low of $487.5 million in Q4 2024 to a high of $1.6 billion in Q1 2026 over five years.
- On a year-over-year basis, Convertible Debt has increased in each of the last three quarters.
- According to Business Quant data, Convertible Debt for the three prior quarters was $1.6 billion (Q1 2026), $1.58 billion (Q4 2025) and $1.06 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 1.60 Bn |
| Dec 31, 2025 | 1.58 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 488.72 Mn |
| Mar 31, 2025 | 488.11 Mn |
| Dec 31, 2024 | 487.50 Mn |
API Access
Terawulf Convertible Debt 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=convertible-debt&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "convertible-debt", "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=convertible-debt&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();