TERAWULF INC.
Close on Oct 19, 2026
- Market cap
- $5.86B
- P/E (TTM)
- –
- Dividend yield
- 0.00%
About Terawulf
Finance Services, SIC 6199
TeraWulf Inc. develops, owns, and operates digital infrastructure designed for high-performance computing, artificial intelligence, and machine learning workloads. The company provides data center capacity and hosting services through long-term leases, pairing specialized compute facilities with long-duration electric power resources. In addition to high-performance computing hosting, the business operates legacy bitcoin mining facilities using specialized mining computers to validate blockchain transactions. Its primary customers include hyperscale technology companies, artificial intelligence cloud platforms, and enterprise clients requiring high-density computing infrastructure.
The company conducts its operations in the United States, maintaining primary data campuses in Barker, New York, and Abernathy, Texas, alongside an additional leased development site in Lansing, New York. Its facilities support contracted computing load and operational bitcoin miners. The business employs 141 full-time personnel primarily based in New York and Maryland. TeraWulf maintains its principal executive offices in Easton, Maryland.
Summary of the business section of Terawulf's latest annual report, written by StockData.
Company profile
Company
- Legal name
- TERAWULF INC.
- Founded
- 2021
- Headquarters
- Easton, MD
- Address
- 9 Federal Street 21601
- Phone
- (410) 770-9500
- Website
- terawulf.com
- Employees
- 141, Dec 31, 2025
- Industry
- Finance Services
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, Houston, Texas
Stock & identifiers
- Ticker
- WULF
- Exchange
- Nasdaq
- Shares outstanding
- 499M, Jul 31, 2026
- Public float
- $1.27B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 45-for-1, Mar 31, 2022; 3-for-2, May 14, 2004; 11-for-10, Dec 29, 1999; 3-for-2, Sep 22, 1997
- SEC CIK
- 1083301
- CUSIP
- 88080T104
- ISIN
- US88080T1043
- LEI
- 254900CVMW1SX2T78A64
- EIN
- 87-1909475
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Nazar M. Khan | Chief Technology Officer, Director | 28,163,527 |
| Paul B. Prager | Chief Executive Officer, Director | 40,370,445 |
| Kerri M. Langlais | Chief Strategy Officer, Director | 5,245,082 |
| William Joseph Tanimoto | Chief Accounting Officer | 55,564 |
| Patrick Fleury | Chief Financial Officer | 4,505,519 |
| Kenneth J. Deane | Chief Acct Officer + Treasurer | 595,401 |
| Michael C. Bucella | Director | 350,789 |
| Catherine J. Motz | Director | 153,218 |
| Walter E. Carter | Director | 229,090 |
| Lisa A. Prager | Director | 311,510 |
| Amanda Fabiano | Director | 96,792 |
| Steven T. Pincus | Director | 399,391 |
| Christopher Allen Jarvis | Director | 14,180 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Glenn Sandgren | $0 | $0 | $14.41M | $115 | – |
| FY2025 Paul Prager | $39.41M | $60.30M | $14.41M | $115 | – |
| FY2024 | $6.91M | $13.41M | $6.65M | $57 | – |
| FY2024 Glenn Sandgren | $0 | $0 | $6.65M | $57 | – |
| FY2024 Paul Prager | $6.91M | $13.41M | $6.65M | $57 | – |
| FY2023 Glenn Sandgren | $0 | $0 | $1.53M | $24 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of the date of this Annual Report, TeraWulf had 141 full-time employees, including employees of Beowulf E&D, its wholly owned subsidiary, who perform services related to construction, technical and engineering, operations and maintenance, procurement, information technology, finance and accounting, human resources, legal, risk management and external affairs consultati”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 21, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 3, 2023 | Late filing | Notification of late filing |
| Mar 17, 2023 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Dec 13, 2021 | Name change | Name changed from IKONICS CORP to TERAWULF INC. |
| Jul 30, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Nov 22, 2002 | Name change | Name changed from CHROMALINE CORP to IKONICS CORP |