Terawulf Inc
TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.
Terawulf Inc (WULF) - Net Assets
Latest net assets as of September 2025: $247.63 Million USD
Based on the latest financial reports, Terawulf Inc (WULF) has net assets worth $247.63 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.45 Billion) and total liabilities ($2.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $247.63 Million |
| % of Total Assets | 10.09% |
| Annual Growth Rate | 18.72% |
| 5-Year Change | 764.8% |
| 10-Year Change | 1711.35% |
| Growth Volatility | 97.94 |
Terawulf Inc - Net Assets Trend (2000–2024)
This chart illustrates how Terawulf Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Terawulf Inc (2000–2024)
The table below shows the annual net assets of Terawulf Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $244.44 Million | +9.87% |
| 2023-12-31 | $222.49 Million | +88.94% |
| 2022-12-31 | $117.75 Million | -4.40% |
| 2021-12-31 | $123.18 Million | +335.79% |
| 2020-12-31 | $28.27 Million | +130.62% |
| 2019-12-31 | $12.26 Million | -6.52% |
| 2018-12-31 | $13.11 Million | +1.18% |
| 2017-12-31 | $12.96 Million | -3.72% |
| 2016-12-31 | $13.46 Million | -0.27% |
| 2015-12-31 | $13.50 Million | +1912.66% |
| 2014-12-31 | $-744.50K | +14.91% |
| 2013-12-31 | $-874.99K | +14.51% |
| 2012-12-31 | $-1.02 Million | -22.01% |
| 2011-12-31 | $-838.91K | -7.83% |
| 2010-12-31 | $-777.98K | +3.86% |
| 2009-12-31 | $-809.19K | +11.06% |
| 2008-12-31 | $-909.79K | -108.24% |
| 2007-12-31 | $11.05 Million | +11.98% |
| 2006-12-31 | $9.86 Million | +16.34% |
| 2005-12-31 | $8.48 Million | +14.35% |
| 2004-12-31 | $7.41 Million | +86.39% |
| 2000-12-31 | $3.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Terawulf Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33227600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $404.00K | 0.17% |
| Other Components | $576.32 Million | 235.77% |
| Total Equity | $244.44 Million | 100.00% |
Terawulf Inc Competitors by Market Cap
The table below lists competitors of Terawulf Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DEXUS
PINK:DEXSF
|
$4.64 Billion |
|
Fortis Healthcare Limited
NSE:FORTIS
|
$4.64 Billion |
|
Asia Commercial Bank
VN:ACB
|
$4.64 Billion |
|
Lantheus Holdings Inc
NASDAQ:LNTH
|
$4.64 Billion |
|
Charter Hall Group
PINK:CTOUF
|
$4.63 Billion |
|
Silicon Motion Technology
NASDAQ:SIMO
|
$4.63 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$4.63 Billion |
|
Loral Space & Communications Inc
TO:LORL
|
$4.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Terawulf Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 222,489,000 to 244,445,000, a change of 21,956,000 (9.9%).
- Net loss of 72,418,000 reduced equity.
- Share repurchases of 118,217,000 reduced equity.
- New share issuances of 188,715,000 increased equity.
- Other comprehensive income increased equity by 9,273,000.
- Other factors increased equity by 14,603,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-72.42 Million | -29.63% |
| Share Repurchases | $118.22 Million | -48.36% |
| Share Issuances | $188.72 Million | +77.2% |
| Other Comprehensive Income | $9.27 Million | +3.79% |
| Other Changes | $14.60 Million | +5.97% |
| Total Change | $- | 9.87% |
Book Value vs Market Value Analysis
This analysis compares Terawulf Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 21.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.01x to 21.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $3.06 | $15.30 | x |
| 2004-12-31 | $3.74 | $15.30 | x |
| 2005-12-31 | $4.27 | $15.30 | x |
| 2006-12-31 | $4.86 | $15.30 | x |
| 2007-12-31 | $5.35 | $15.30 | x |
| 2008-12-31 | $5.57 | $15.30 | x |
| 2009-12-31 | $5.59 | $15.30 | x |
| 2010-12-31 | $6.18 | $15.30 | x |
| 2011-12-31 | $6.54 | $15.30 | x |
| 2012-12-31 | $5.92 | $15.30 | x |
| 2013-12-31 | $6.27 | $15.30 | x |
| 2014-12-31 | $6.61 | $15.30 | x |
| 2015-12-31 | $6.69 | $15.30 | x |
| 2016-12-31 | $6.67 | $15.30 | x |
| 2017-12-31 | $6.45 | $15.30 | x |
| 2018-12-31 | $6.61 | $15.30 | x |
| 2019-12-31 | $6.19 | $15.30 | x |
| 2020-12-31 | $14.30 | $15.30 | x |
| 2021-12-31 | $1.45 | $15.30 | x |
| 2022-12-31 | $1.06 | $15.30 | x |
| 2023-12-31 | $1.06 | $15.30 | x |
| 2024-12-31 | $0.70 | $15.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Terawulf Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -29.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -51.71%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.22x
- Recent ROE (-29.63%) is below the historical average (-6.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.41% | 2.46% | 2.29x | 1.14x | $-142.77K |
| 2004 | 10.23% | 5.54% | 1.61x | 1.15x | $16.93K |
| 2005 | 10.71% | 6.50% | 1.48x | 1.11x | $60.32K |
| 2006 | 11.39% | 7.55% | 1.38x | 1.09x | $137.36K |
| 2007 | 10.59% | 7.39% | 1.32x | 1.08x | $65.20K |
| 2008 | 7.12% | 5.14% | 110.87x | 0.01x | $-329.23K |
| 2009 | -2.79% | -2.03% | 93.34x | 0.01x | $-1.41 Million |
| 2010 | 9.14% | 6.74% | 96.59x | 0.01x | $-105.37K |
| 2011 | 5.38% | 4.16% | 49.65x | 0.03x | $-600.80K |
| 2012 | 5.88% | 4.01% | 47.30x | 0.03x | $-485.54K |
| 2013 | 5.41% | 3.90% | 33.19x | 0.04x | $-577.81K |
| 2014 | 4.86% | 3.51% | 33.93x | 0.04x | $-685.08K |
| 2015 | 1.00% | 0.77% | 1.17x | 1.11x | $-1.21 Million |
| 2016 | -0.48% | -0.37% | 0.96x | 1.36x | $-1.41 Million |
| 2017 | -1.75% | -1.31% | 1.02x | 1.31x | $-1.52 Million |
| 2018 | 1.06% | 0.77% | 1.05x | 1.33x | $-1.17 Million |
| 2019 | -6.64% | -4.62% | 1.04x | 1.38x | $-2.04 Million |
| 2020 | -1.55% | -3.27% | 0.45x | 1.06x | $-3.27 Million |
| 2021 | -77.68% | -750.80% | 0.05x | 2.15x | $-108.00 Million |
| 2022 | -77.10% | -603.94% | 0.05x | 2.70x | $-102.57 Million |
| 2023 | -33.00% | -106.06% | 0.18x | 1.70x | $-95.67 Million |
| 2024 | -29.63% | -51.71% | 0.18x | 3.22x | $-96.86 Million |
Industry Comparison
This section compares Terawulf Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $131,214,049
- Average return on equity (ROE) among peers: -2225.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Terawulf Inc (WULF) | $247.63 Million | 6.41% | 8.91x | $4.63 Billion |
| Armada Mercantile Ltd (AAMTF) | $-177.83K | 0.00% | 0.00x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.25 Billion | 17.41% | 1.10x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-853.22K | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $-4.83 Million | 0.00% | 0.00x | $199.05 Million |
| Abits Group Inc. (ABTS) | $11.31 Million | -111.43% | 0.09x | $4.44 Million |
| Argentex Group PLC (AGXTF) | $28.70 Million | 20.56% | 2.22x | $4.51 Million |
| Sphere 3D Corp (ANY) | $1.37 Million | -6.53% | 0.28x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $158.00K | -22172.78% | 479.63x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $28.26 Million | -5.07% | 0.10x | $1.38 Million |