Terawulf (WULF) Market Capitalization (2010 - 2026)
Terawulf's Market Capitalization was $12.32 billion in Q2 2026, up 578.6% from $1.82 billion a year earlier and up 100.9% from the prior quarter.
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Analysis
Terawulf (WULF) Market Capitalization (2010 - 2026) Analysis & Trends
For FY2025, Market Capitalization at Terawulf came in at $4.83 billion, up 111.0% from FY2024.
- Market Capitalization has now increased for three consecutive years, with a five-year compound annual growth rate of 200.5% (FY2020 to FY2025).
- In earlier years, Market Capitalization was $2.29 billion in FY2024 (+354.0%), $503.9 million in FY2023 (+579.8%), $74.13 million in FY2022 (-95.1%) and $1.5 billion in FY2021.
- The Q2 2026 figure marks the highest quarterly Market Capitalization in data going back to Q2 2010.
- Compared with a year earlier, Market Capitalization has increased for 13 straight quarters, with growth averaging 279.4% over the last eight quarters.
- The best year-over-year quarter for Market Capitalization over five years was Q3 2021 (growth of 697.6%); the worst was Q4 2022 (a decline of 95.1%).
- Per Business Quant data, WULF's Market Capitalization in the three quarters before Q2 2026 was $6.13 billion (Q1 2026), $4.83 billion (Q4 2025) and $5.02 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.32 Bn |
| Mar 31, 2026 | 6.13 Bn |
| Dec 31, 2025 | 4.83 Bn |
| Sep 30, 2025 | 5.02 Bn |
| Jun 30, 2025 | 1.82 Bn |
| Mar 31, 2025 | 1.11 Bn |
| Dec 31, 2024 | 2.29 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.67 Bn |
| Mar 31, 2024 | 796.68 Mn |
| Dec 31, 2023 | 503.90 Mn |
| Sep 30, 2023 | 292.60 Mn |
| Jun 30, 2023 | 378.10 Mn |
| Mar 31, 2023 | 175.09 Mn |
| Dec 31, 2022 | 74.13 Mn |
| Sep 30, 2022 | 145.46 Mn |
| Jun 30, 2022 | 124.94 Mn |
| Mar 31, 2022 | 846.64 Mn |
| Dec 31, 2021 | 1.50 Bn |
| Sep 30, 2021 | 56.28 Mn |
API Access
Terawulf Market Capitalization 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=market-capitalization&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();