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TeraWulf WULF Impairment of digital assets

Discontinued — last reported Q4 '25

Impairment of digital assets at other companies

Core Scientific, Inc. logo
Core Scientific, Inc.CORZ
$0
Core Scientific, Inc. logo
Core Scientific, Inc.CORZ
$0
MicroStrategy logo
MicroStrategyMSTR
$0-100%
MicroStrategy logo
MicroStrategyMSTR
$14.46B+145%
MicroStrategy logo
MicroStrategyMSTR
$14.46B+145%
Hut 8 Mining Corp. logo
Hut 8 Mining Corp.HUT
$295.66M+163%

Other financials

Income statement

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Revenue$34.0M-1.1%
Gross profit$31.7M+221%
Operating income-$162.1M-172%
Net income-$427.6M-596%
EPS (diluted)-$1.01-531%

Balance sheet

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Cash & equivalents$3.1B+1,318%
Total debt$3.7B+959%
Total equity-$78.8M-146%
Total assets$7.0B+733%

Cash flow

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Operating cash flow-$17.6M-131%
CapEx$523.0M+458%
Free cash flow-$540.5M-1,353%

Valuation

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Market cap$14.36B+484%
Enterprise value$14.94B+470%
P/S85.5×+66.8×

Profitability

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Gross margin64%+19.1pp
Operating margin-171.8%+398pp
Net margin-611.5%-747pp
FCF margin-1,003.6%-1,433pp

Returns & leverage

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Return on equity-343.7%-382pp
Debt / equity25.4×+25.4×
Current ratio1.2×-0.7×

Where this comes from

Reported directly by TeraWulf in its filing.

Tagged under the XBRL concept wulf:CryptoAssetImpairment.

The official record: TeraWulf’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TeraWulf's impairment of digital assets?
TeraWulf (WULF) reported impairment of digital assets of $0 in Q4 2025.
What is the long-term trend for TeraWulf's impairment of digital assets?
Over 3 years (2022 to 2025), TeraWulf's impairment of digital assets has grown at a -100.0% compound annual growth rate (CAGR), from $1.46M to $0.
What does impairment of digital assets mean?
The accounting loss recorded when the market value of held digital assets drops below their recorded book value.
How do you interpret impairment of digital assets?
An increase indicates a decline in the market value of the company's digital asset holdings, potentially signaling future liquidity pressure or market headwinds.
How does impairment of digital assets compare across companies?
Common among crypto-mining and blockchain infrastructure firms; peers often report this as a significant non-cash adjustment to operating cash flow.