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

Terawulf (WULF) Invested Capital (2016 - 2026)

Terawulf's (WULF) quarterly Invested Capital came in at $4.4 billion in Q2 2026, up 2033.57% year-over-year from $204.3 million in Q2 2025, and up 20.59% quarter-over-quarter from $3.6 billion in Q1 2026.

Analysis

Terawulf (WULF) Invested Capital (2016 - 2026) Analysis & Trends

Terawulf has disclosed Invested Capital across 11 years of filings, most recently posting $4.4 billion for Q2 2026.

  • In Q2 2026, Invested Capital rose 2033.57% year-over-year to $4.4 billion; the TTM figure through Jun 2026 stood at $4.4 billion (up 2033.57% YoY), while the FY2025 annual figure was $3.7 billion, up 1425.4% from the prior year.
  • Invested Capital came in at $4.4 billion for Q2 2026 at Terawulf, up from $3.6 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $4.4 billion in Q2 2026 to a low of $204.3 million in Q2 2025.
  • Average Invested Capital over 5 years is $1.0 billion, with a median of $356.8 million recorded in 2023.
  • Year-over-year, Invested Capital sank 61.51% in 2025 and jumped 2033.57% in 2026.
  • Over 5 years, Invested Capital stood at $297.9 million in 2022, then jumped by 57.6% to $469.5 million in 2023, then plunged by 47.93% to $244.4 million in 2024, then jumped by 1425.4% to $3.7 billion in 2025, then increased by 16.92% to $4.4 billion in 2026.
  • Per Business Quant data, the three most recent Invested Capital figures were $4.4 billion in Q2 2026, $3.6 billion in Q1 2026, and $3.7 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 34.07 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 4.36 Bn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 6.20 Bn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 6.70 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 8.45 Bn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 3.69 Bn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 3.23 Bn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 801.51 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn 402.28 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn 16.74 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.36 Bn
Mar 31, 2026 3.62 Bn
Dec 31, 2025 3.73 Bn
Jun 30, 2025 204.33 Mn
Dec 31, 2024 244.45 Mn
Sep 30, 2024 372.63 Mn
Jun 30, 2024 530.88 Mn
Mar 31, 2024 471.11 Mn
Dec 31, 2023 469.48 Mn
Sep 30, 2023 356.76 Mn
Jun 30, 2023 256.92 Mn
Mar 31, 2023 271.13 Mn
Dec 31, 2022 297.89 Mn
Sep 30, 2022 240.45 Mn
Mar 31, 2022 232.41 Mn
Dec 31, 2021 229.87 Mn
Sep 30, 2021 17.64 Mn
Jun 30, 2021 10.95 Mn
Mar 31, 2021 204.09 Mn
Dec 31, 2020 14.53 Mn