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TeraWulf WULF Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Gross Profit by Business
Digital Asset Mining Segment$62.21M$58.96M$65.75M$52.83M
HPC Leasing Segment$17.64M$7.4M$5.16M-$66K
Cost of revenue (exclusive of depreciation shown below) by Business
Digital Asset Mining Segment$55.56M$80.2M$83.07M$80.93M
HPC Leasing Segment$4.92M$2.46M$326K$0
Operating expenses by Business
Digital Asset Mining Segment$12.37M$12.39M$11.59M$10.33M
HPC Leasing Segment$15.69M$7.35M$2.04M$385K

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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.