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Terawulf Inc. valuation and forecast

Explore the models for Terawulf Inc., adjust their assumptions and compare your own valuation with the platform's.

Reported holdings, with the date attached

Crypto treasury position

Balance date: 2026-06-30

Net treasury deficit / share-$2.06
Reported crypto fair value
$133,000.00
Cash, debt and other claims, net
-$1,030,174,000.00
Listed shares used
498,932,431

This measures the reported treasury after the equity-bridge claims. It excludes the operating business, mining equipment and other assets, and is not updated for crypto price moves or purchases since the filing. A treasury deficit does not mean the whole company has negative equity value.

Debt and other claims exceed the crypto holdings and cash.

Source filing ↗

Your valuation workspace

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2 models available

01 / Assumptions

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Other model types 20 unavailable for WULF

Cash-flow DCF

This model does not apply to this company with the available financial data.

Revenue-to-maturity DCF

This model does not apply to this company with the available financial data.

Growth DCF

This model does not apply to this company with the available financial data.

Residual income

This model does not apply to this company with the available financial data.

Justified price-to-book

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Forward peer P/E

This model does not apply to this company with the available financial data.

Forward peer price-to-sales

This model does not apply to this company with the available financial data.

P/E comparison

This model does not apply to this company with the available financial data.

PEG comparison

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Analyst recommendations

25 analysts, Oct 2026
Buy2496%
Hold14%
Sell00%

Monthly trend

  1. Oct 202651925
  2. Sep 202651824
  3. Aug 202651419
  4. Jul 202651318

Counts of recommendations published by analysts covering Terawulf Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

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Third-party market data · may be delayed

WULF valuation questions

How does Fundamentalytics value Terawulf Inc.?
We use the models that fit Terawulf Inc.'s business and available financial data. Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.

Data: SEC EDGAR filings, retrieved October 20, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Terawulf Inc.

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