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Terawulf (WULF) Operating Expenses: 2009-2025

Historic Operating Expenses for Terawulf (WULF) over the last 17 years, with Sep 2025 value amounting to $75.2 million.

  • Terawulf's Operating Expenses rose 75.94% to $75.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $318.9 million, marking a year-over-year increase of 102.09%. This contributed to the annual value of $216.3 million for FY2024, which is 119.23% up from last year.
  • Per Terawulf's latest filing, its Operating Expenses stood at $75.2 million for Q3 2025, which was up 19.02% from $63.2 million recorded in Q2 2025.
  • Terawulf's 5-year Operating Expenses high stood at $94.0 million for Q1 2025, and its period low was $1.7 million during Q1 2021.
  • Over the past 3 years, Terawulf's median Operating Expenses value was $42.8 million (recorded in 2024), while the average stood at $48.8 million.
  • As far as peak fluctuations go, Terawulf's Operating Expenses skyrocketed by 3,357.72% in 2021, and later plummeted by 31.07% in 2022.
  • Terawulf's Operating Expenses (Quarterly) stood at $41.7 million in 2021, then crashed by 31.07% to $28.8 million in 2022, then fell by 2.81% to $28.0 million in 2023, then skyrocketed by 209.14% to $86.4 million in 2024, then soared by 75.94% to $75.2 million in 2025.
  • Its Operating Expenses stands at $75.2 million for Q3 2025, versus $63.2 million for Q2 2025 and $94.0 million for Q1 2025.