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TeraWulf Valuation Multiples

Discover revenue and EBITDA valuation multiples for TeraWulf and similar public comparables like AEE Gold, Bitcoin Group, and Advanced Blockchain.

TeraWulf Overview

About TeraWulf

TeraWulf Inc is a digital asset technology company that is engaged in digital infrastructure and sustainable energy development. It is involved in supporting environmentally conscious bitcoin mining operations by developing and operating facilities within the United States. The company's bitcoin mining facilities are powered by clean, affordable, and reliable energy sources. Its primary source of revenue stems from the mining of bitcoin conducted at the company's mining facility sites. Additionally, the company occasionally generates revenue through the provision of miner hosting services to third-party entities.


Founded

2021

HQ

United States of America
Employees

12

Website

terawulf.com

Financials

LTM Revenue $169M

LTM EBITDA $64.5M

EV

$1.2B

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TeraWulf Financials

TeraWulf has a last 12-month revenue of $169M and a last 12-month EBITDA of $64.5M.

In the most recent fiscal year, TeraWulf achieved revenue of $140M and an EBITDA of -$17.4M.

TeraWulf expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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TeraWulf P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $69.2M $140M XXX XXX XXX
Gross Profit $4.0M $41.9M XXX XXX XXX
Gross Margin 6% 30% XXX XXX XXX
EBITDA $0.2M -$17.4M XXX XXX XXX
EBITDA Margin 0% -12% XXX XXX XXX
Net Profit -$90.8M -$73.4M XXX XXX XXX
Net Margin -131% -52% XXX XXX XXX
Net Debt $127M $69.1M XXX XXX XXX

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TeraWulf Stock Performance

As of April 15, 2025, TeraWulf's stock price is $2.

TeraWulf has current market cap of $948M, and EV of $1.2B.

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TeraWulf Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.2B $948M XXX XXX XXX XXX $-0.18

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TeraWulf Valuation Multiples

As of April 15, 2025, TeraWulf has market cap of $948M and EV of $1.2B.

TeraWulf's trades at 6.9x LTM EV/Revenue multiple, and 18.2x LTM EBITDA.

Analysts estimate TeraWulf's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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TeraWulf Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $1.2B XXX XXX XXX
EV/Revenue 8.4x XXX XXX XXX
EV/EBITDA -67.4x XXX XXX XXX
P/E -13.1x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -4.0x XXX XXX XXX

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TeraWulf Valuation Multiples

TeraWulf's NTM/LTM revenue growth is 73%

TeraWulf's revenue per employee for the last fiscal year averaged $11.7M, while opex per employee averaged $11.5M for the same period.

Over next 12 months, TeraWulf's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate TeraWulf's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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TeraWulf Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 102% XXX XXX XXX XXX
EBITDA Margin -12% XXX XXX XXX XXX
EBITDA Growth -10912% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 60% XXX XXX XXX XXX
Revenue per Employee $11.7M XXX XXX XXX XXX
Opex per Employee $11.5M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 99% XXX XXX XXX XXX

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TeraWulf Public Comps

See public comps and valuation multiples for Blockchain & Crypto comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Phoenix Group XXX XXX XXX XXX XXX XXX
Jasmine Technology Solution XXX XXX XXX XXX XXX XXX
Advanced Blockchain XXX XXX XXX XXX XXX XXX
Bitcoin Group XXX XXX XXX XXX XXX XXX
AEE Gold XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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TeraWulf M&A and Investment Activity

TeraWulf acquired  XXX companies to date.

Last acquisition by TeraWulf was  XXXXXXXX, XXXXX XXXXX XXXXXX . TeraWulf acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by TeraWulf

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About TeraWulf

When was TeraWulf founded? TeraWulf was founded in 2021.
Where is TeraWulf headquartered? TeraWulf is headquartered in United States of America.
How many employees does TeraWulf have? As of today, TeraWulf has 12 employees.
Who is the CEO of TeraWulf? TeraWulf's CEO is Mr. Paul B. Prager.
Is TeraWulf publicy listed? Yes, TeraWulf is a public company listed on NAS.
What is the stock symbol of TeraWulf? TeraWulf trades under WULF ticker.
When did TeraWulf go public? TeraWulf went public in 2021.
Who are competitors of TeraWulf? Similar companies to TeraWulf include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group.
What is the current market cap of TeraWulf? TeraWulf's current market cap is $948M
What is the current revenue of TeraWulf? TeraWulf's last 12-month revenue is $169M.
What is the current EBITDA of TeraWulf? TeraWulf's last 12-month EBITDA is $64.5M.
What is the current EV/Revenue multiple of TeraWulf? Current revenue multiple of TeraWulf is 6.9x.
What is the current EV/EBITDA multiple of TeraWulf? Current EBITDA multiple of TeraWulf is 18.2x.
What is the current revenue growth of TeraWulf? TeraWulf revenue growth between 2023 and 2024 was 102%.
Is TeraWulf profitable? Yes, TeraWulf is EBITDA-positive (as of the last 12 months).

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