Develops data centers for artificial intelligence and machine learning workloads.
Jun 2026Revenue $165M/yrExpenses $579M/yr
No trendCash runway ≈ 1.0 years from Jun 2026
Figures by year
When will Terawulf be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Jun 2026, revenue was $165M and expenses $579M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $168M | $355M | −$186M |
| Dec 2024 | $140M | $216M | −$76.2M |
| Dec 2023 | $69.2M | $98.7M | −$29.4M |
| Dec 2022 | $15.0M | $58.8M | −$43.7M |
| Dec 2020 | $13.4M | $15.2M | −$1.79M |
| Dec 2019 | $17.6M | $18.6M | −$957K |
| Dec 2018 | $18.2M | $18.0M | $226K |
| Dec 2017 | $17.2M | $17.7M | −$465K |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.