Terawulf annual capital expenditures (capex)
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2025
Terawulf Capital Expenditures (CapEx) Growth & History (WULF)
Terawulf's capital expenditures (capex) was $1.06B for fiscal 2025.
View full Terawulf company overviewTerawulf annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.06B | $792.2M | +295.68% |
| 2024 | 2024-12-31 | $267.9M | $192.8M | +256.45% |
| 2023 | 2023-12-31 | $75.2M | $14.1M | +22.99% |
| 2022 | 2022-12-31 | $61.1M | −$48.0M | −43.97% |
| 2021 | 2021-12-31 | $109.1M | $108.9M | +72655.41% |
| 2020 | 2020-12-31 | $149,916 | −$328,437 | −68.66% |
| 2019 | 2019-12-31 | $478,353 | −$64,792 | −11.93% |
| 2018 | 2018-12-31 | $543,145 | $313,056 | +136.06% |
| 2017 | 2017-12-31 | $230,089 | −$1.8M | −88.85% |
| 2016 | 2016-12-31 | $2.1M | −$802,245 | −27.99% |
| 2015 | 2015-12-31 | $2.9M | $2.4M | +559.82% |
| 2014 | 2014-12-31 | $434,463 | −$328,074 | −43.02% |
| 2013 | 2013-12-31 | $762,537 | $196,018 | +34.60% |
| 2012 | 2012-12-31 | $566,519 | −$55,079 | −8.86% |
| 2011 | 2011-12-31 | $621,598 | $432,448 | +228.63% |
| 2010 | 2010-12-31 | $189,150 | — | — |
Terawulf quarterly capital expenditures (capex)
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $855.6M | $735.6M | +613.31% |
| Q1 2026 | 2026-03-31 | $523.0M | $429.3M | +458.19% |
| Q4 2025 | 2025-12-31 | $615.0M | $461.4M | +300.30% |
| Q3 2025 | 2025-09-30 | $231.6M | $210.8M | +1017.18% |
| Q2 2025 | 2025-06-30 | $119.9M | $73.3M | +157.39% |
| Q1 2025 | 2025-03-31 | $93.7M | $46.7M | +99.42% |
| Q4 2024 | 2024-12-31 | $153.6M | $119.9M | +354.86% |
| Q3 2024 | 2024-09-30 | $20.7M | −$4.7M | −18.40% |
| Q2 2024 | 2024-06-30 | $46.6M | $40.6M | +676.15% |
| Q1 2024 | 2024-03-31 | $47.0M | $37.0M | +370.45% |
| Q4 2023 | 2023-12-31 | $33.8M | $26.6M | +371.14% |
| Q3 2023 | 2023-09-30 | $25.4M | $16.9M | +199.62% |
| Q2 2023 | 2023-06-30 | $6.0M | −$11.7M | −66.13% |
| Q1 2023 | 2023-03-31 | $10.0M | −$17.8M | −64.01% |
| Q4 2022 | 2022-12-31 | $7.2M | −$96.4M | −93.08% |
| Q3 2022 | 2022-09-30 | $8.5M | $3.0M | +55.85% |
| Q2 2022 | 2022-06-30 | $17.7M | $17.7M | +193161.37% |
| Q1 2022 | 2022-03-31 | $27.7M | $27.7M | +408696.23% |
| Q4 2021 | 2021-12-31 | $103.6M | $103.6M | — |
| Q3 2021 | 2021-09-30 | $5.4M | $5.4M | — |
| Q2 2021 | 2021-06-30 | $9,171 | −$5,620 | −38.00% |
| Q1 2021 | 2021-03-31 | $6,787 | −$128,338 | −94.98% |
| Q4 2020 | 2020-12-31 | $0 | −$144,818 | — |
| Q3 2020 | 2020-09-30 | $0 | −$102,965 | — |
| Q2 2020 | 2020-06-30 | $14,791 | −$98,704 | −86.97% |
| Q1 2020 | 2020-03-31 | $135,125 | $18,050 | +15.42% |
| Q4 2019 | 2019-12-31 | $144,818 | $102,968 | +246.04% |
| Q3 2019 | 2019-09-30 | $102,965 | −$73,938 | −41.80% |
| Q2 2019 | 2019-06-30 | $113,495 | −$161,893 | −58.79% |
| Q1 2019 | 2019-03-31 | $117,075 | $68,071 | +138.91% |
| Q4 2018 | 2018-12-31 | $41,850 | $1,727 | +4.30% |
| Q3 2018 | 2018-09-30 | $176,903 | $121,023 | +216.58% |
| Q2 2018 | 2018-06-30 | $275,388 | $201,719 | +273.82% |
| Q1 2018 | 2018-03-31 | $49,004 | −$11,413 | −18.89% |
| Q4 2017 | 2017-12-31 | $40,123 | −$58,153 | −59.17% |
| Q3 2017 | 2017-09-30 | $55,880 | −$66,391 | −54.30% |
| Q2 2017 | 2017-06-30 | $73,669 | −$752,353 | −91.08% |
| Q1 2017 | 2017-03-31 | $60,417 | −$957,440 | −94.06% |
| Q4 2016 | 2016-12-31 | $98,276 | −$1.6M | −94.12% |
| Q3 2016 | 2016-09-30 | $122,271 | −$505,991 | −80.54% |
| Q2 2016 | 2016-06-30 | $826,022 | $634,511 | +331.32% |
| Q1 2016 | 2016-03-31 | $1.0M | $641,790 | +170.66% |
| Q4 2015 | 2015-12-31 | $1.7M | $1.6M | +6010.41% |
| Q3 2015 | 2015-09-30 | $628,262 | $624,355 | +15980.42% |
| Q2 2015 | 2015-06-30 | $191,511 | −$87,849 | −31.45% |
| Q1 2015 | 2015-03-31 | $376,067 | $252,215 | +203.64% |
| Q4 2014 | 2014-12-31 | $27,344 | −$149,387 | −84.53% |
| Q3 2014 | 2014-09-30 | $3,907 | −$223,802 | −98.28% |
| Q2 2014 | 2014-06-30 | $279,360 | $128,716 | +85.44% |
| Q1 2014 | 2014-03-31 | $123,852 | −$83,601 | −40.30% |
| Q4 2013 | 2013-12-31 | $176,731 | −$17,571 | −9.04% |
| Q3 2013 | 2013-09-30 | $227,709 | $176,933 | +348.46% |
| Q2 2013 | 2013-06-30 | $150,644 | $59,100 | +64.56% |
| Q1 2013 | 2013-03-31 | $207,453 | −$22,444 | −9.76% |
| Q4 2012 | 2012-12-31 | $194,302 | $38,034 | +24.34% |
| Q3 2012 | 2012-09-30 | $50,776 | −$299,927 | −85.52% |
| Q2 2012 | 2012-06-30 | $91,544 | $43,660 | +91.18% |
| Q1 2012 | 2012-03-31 | $229,897 | $163,154 | +244.45% |
| Q4 2011 | 2011-12-31 | $156,268 | — | — |
| Q3 2011 | 2011-09-30 | $350,703 | $316,668 | +930.42% |
| Q2 2011 | 2011-06-30 | $47,884 | — | — |
| Q1 2011 | 2011-03-31 | $66,743 | — | — |
| Q3 2010 | 2010-09-30 | $34,035 | — | — |
Terawulf capital expenditures (capex) trends
Over the last five fiscal years, Terawulf's capital expenditures (capex) increased from $149,916 to $1.06B, a change of $1.06B. The latest reported quarter, Q2 2026, shows $855.6M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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