How much did TeraWulf's capex change year over year?

+295.7% from fiscal 2024 to fiscal 2025 ($268M → $1.06B).

What is the most TeraWulf has spent on capex in a single reported period?

$523M, in the period ending 2026-03-31.

← Capex Tracker

TeraWulf WULF

65 reported periods · 2010–2026 · sourced from SEC XBRL filings

Latest FY capex

$1.06B

Revenue FY

$168M

Capex / Revenue

629%

Highest period

$523M

2026-03-31

Key facts

TeraWulf reported capital expenditure of $1.06B for fiscal 2025, +295.7% versus $268M in fiscal 2024.

Capex equals 629% of fiscal-year revenue ($168M).

The highest single reported period was $523M (period ending 2026-03-31).

The latest reported period, 6 months to 2026-06-30, shows $1.38B; the dataset covers 65 reported periods (2010–2026), all from SEC XBRL filings.

Every capital-expenditure figure TeraWulf has reported to the SEC, unedited. Capex is the XBRL concept PaymentsToAcquirePropertyPlantAndEquipment; a capex/revenue ratio above 100% means the company is investing more than it earns to secure capacity. Each row links to the filing it came from.

Download this company's CSV ↓SEC filings ↗TeraWulf news & filings →

BY FISCAL YEAR

Fiscal year	Capex	YoY	Period end
FY2025	$1.06B	+296%	2025-12-31
FY2024	$268M	+256%	2024-12-31
FY2023	$75M	+23%	2023-12-31
FY2022	$61M	-44%	2022-12-31
FY2021	$109M	+72655%	2021-12-31
FY2020	$150K	-69%	2020-12-31
FY2019	$478K	-12%	2019-12-31
FY2018	$543K	+136%	2018-12-31
FY2017	$230K	-89%	2017-12-31
FY2016	$2M	-28%	2016-12-31
FY2015	$3M	+560%	2015-12-31
FY2014	$434K	-43%	2014-12-31
FY2013	$763K	+35%	2013-12-31
FY2012	$567K	-9%	2012-12-31
FY2011	$622K	+229%	2011-12-31
FY2010	$189K	—	2010-12-31

ALL REPORTED PERIODS (65)

Period end	Period	Capex	Form
2026-06-30	FY2026 6 mo. cumulative	$1.38B	10-Q
2026-03-31	FY2026 Q1	$523M	10-Q
2025-12-31	FY2025 FY	$1.06B	10-K
2025-09-30	FY2025 9 mo. cumulative	$445M	10-Q
2025-06-30	FY2025 6 mo. cumulative	$214M	10-Q
2025-03-31	FY2025 Q1	$94M	10-Q
2024-12-31	FY2024 FY	$268M	10-K
2024-09-30	FY2024 9 mo. cumulative	$114M	10-Q
2024-06-30	FY2024 6 mo. cumulative	$94M	10-Q
2024-03-31	FY2024 Q1	$47M	10-Q
2023-12-31	FY2023 FY	$75M	10-K
2023-09-30	FY2023 9 mo. cumulative	$41M	10-Q
2023-06-30	FY2023 6 mo. cumulative	$16M	10-Q
2023-03-31	FY2023 Q1	$10M	10-Q
2022-12-31	FY2022 FY	$61M	10-K
2022-09-30	FY2022 9 mo. cumulative	$51M	10-Q
2022-06-30	FY2022 6 mo. cumulative	$39M	10-Q
2022-03-31	FY2022 Q1	$21M	10-Q
2021-12-31	FY2021 FY	$109M	10-K
2021-09-30	FY2021 9 mo. cumulative	$14K	10-Q
2021-06-30	FY2021 6 mo. cumulative	$11K	10-Q
2021-03-31	FY2021 FY	$24M	10-K
2020-12-31	FY2020 FY	$150K	10-K
2020-09-30	FY2020 9 mo. cumulative	$150K	10-Q
2020-06-30	FY2020 6 mo. cumulative	$150K	10-Q
2020-03-31	FY2020 Q1	$135K	10-Q
2019-12-31	FY2019 FY	$478K	10-K
2019-09-30	FY2019 9 mo. cumulative	$334K	10-Q
2019-06-30	FY2019 6 mo. cumulative	$231K	10-Q
2019-03-31	FY2019 Q1	$117K	10-Q
2018-12-31	FY2018 FY	$543K	10-K
2018-09-30	FY2018 9 mo. cumulative	$501K	10-Q
2018-06-30	FY2018 6 mo. cumulative	$324K	10-Q
2018-03-31	FY2018 Q1	$49K	10-Q
2017-12-31	FY2017 FY	$230K	10-K
2017-09-30	FY2017 9 mo. cumulative	$190K	10-Q
2017-06-30	FY2017 6 mo. cumulative	$134K	10-Q
2017-03-31	FY2017 Q1	$60K	10-Q
2016-12-31	FY2016 FY	$2M	10-K
2016-09-30	FY2016 9 mo. cumulative	$2M	10-Q
2016-06-30	FY2016 6 mo. cumulative	$2M	10-Q
2016-03-31	FY2016 Q1	$1M	10-Q
2015-12-31	FY2015 FY	$3M	10-K
2015-09-30	FY2015 9 mo. cumulative	$1M	10-Q
2015-06-30	FY2015 6 mo. cumulative	$568K	10-Q
2015-03-31	FY2015 Q1	$376K	10-Q
2014-12-31	FY2014 FY	$434K	10-K
2014-09-30	FY2014 9 mo. cumulative	$407K	10-Q
2014-06-30	FY2014 6 mo. cumulative	$403K	10-Q
2014-03-31	FY2014 Q1	$124K	10-Q
2013-12-31	FY2013 FY	$763K	10-K
2013-09-30	FY2013 9 mo. cumulative	$586K	10-Q
2013-06-30	FY2013 6 mo. cumulative	$358K	10-Q
2013-03-31	FY2013 Q1	$207K	10-Q
2012-12-31	FY2012 FY	$567K	10-K
2012-09-30	FY2012 9 mo. cumulative	$372K	10-Q
2012-06-30	FY2012 6 mo. cumulative	$321K	10-Q
2012-03-31	FY2012 Q1	$230K	10-Q
2011-12-31	FY2011 FY	$622K	10-K
2011-09-30	FY2011 9 mo. cumulative	$466K	10-Q
2011-06-30	FY2011 6 mo. cumulative	$115K	10-Q
2011-03-31	FY2011 Q1	$67K	10-Q
2010-12-31	FY2010 FY	$189K	10-K
2010-09-30	FY2010 9 mo. cumulative	$156K	10-Q
2010-06-30	FY2010 6 mo. cumulative	$122K	10-Q

Source: SEC XBRL company-concept API, concept PaymentsToAcquirePropertyPlantAndEquipment, CIK 1083301. See Methodology.