TeraWulf WULF Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Gross Profit by Business | ||||||
| Digital Asset Mining Segment | $10.21M+73.5% | $5.88M-75.2% | $23.77M+6.4% | $22.35M+221% | $6.96M-45.1% | |
| HPC Leasing Segment | $10.24M+361% | $2.22M-57.1% | $5.18M— | $0— | $0+100% | |
| Cost of revenue (exclusive of depreciation shown below) by Business | ||||||
| Digital Asset Mining Segment | -$90K-101% | $16.76M-0.3% | $16.8M-24.0% | $22.09M-10.0% | $24.55M+25.1% | |
| HPC Leasing Segment | $2.45M+14.6% | $2.14M+556% | $326K— | $0— | $0— | |
| Operating expenses by Business | ||||||
| Digital Asset Mining Segment | $2.87M-18.0% | $3.5M+24.8% | $2.81M-12.2% | $3.2M+10.5% | $2.89M+7.3% | |
| HPC Leasing Segment | $8.33M+56.1% | $5.34M+214% | $1.7M+432% | $319K— | $0-100% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does TeraWulf break its business down?
- TeraWulf (WULF) reports gross profit by business across 2 parts — Digital Asset Mining Segment and HPC Leasing Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does TeraWulf's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in TeraWulf's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
