TeraWulf
GPU neoclouds · US
TeraWulf had a market capitalisation of $5.83B on 16 October 2026 (listed as WULF; updated every weekday from the market price).
Nasdaq-listed data-centre landlord to the frontier labs, and the second of the map's bitcoin miners turned AI landlord after Hut 8: it develops and leases powered shell and the tenant installs the silicon.
- Valuation
- $5.83B
- Confidence
- verified
- As of
- 16 October 2026
- Layer
- GPU neoclouds
- Ticker
- WULF
- Signal
- $19B Anthropic lease
- Website
- terawulf.com
Relationships (3)
TeraWulf rents capacity to
- Anthropicverified · source
- Fluidstackverified · source
Valuation history on the map
| Date | Mark | Change |
|---|---|---|
| 15 October 2026 | $6.3B | -4.5% |
| 14 October 2026 | $6.59B | -1.2% |
| 13 October 2026 | $6.67B | -2.9% |
| 11 October 2026 | $6.87B |
Daily snapshots began 27 July 2026. Public companies move with the market every weekday.
Notes
Nasdaq-listed data-centre landlord to the frontier labs, and the second of the map's bitcoin miners turned AI landlord after Hut 8: it develops and leases powered shell and the tenant installs the silicon. Its subsidiary Raylan Data signed a 20-year lease with ANTHROPIC on 2026-07-06 for the whole 401 MW Justified Data campus at Hawesville, Kentucky, expected to produce about $19B of contracted revenue over the initial term, with two successive five-year renewal options that could extend the relationship to 30 years - the single largest lease on the map by contract value. At its Lake Mariner campus in upstate New York it has leased more than 200 MW to FLUIDSTACK on 10-year terms (2025-08-14, ~$3.7B), expanded by a 160 MW CB-5 building a week later to about $6.7B of contracted revenue and up to $16B with extensions, and then by a 168 MW, 25-year joint venture on 2025-10-28 worth about $9.5B, in which TeraWulf holds 51%. GOOGLE backstops those Fluidstack obligations - about $3.2B after the CB-5 expansion plus $1.3B behind the joint venture - which is the same credit substitution that underwrites the Hut 8 build, and the reason project debt is financeable at all. Fluidstack runs that capacity for Anthropic, so the chain anthropic -> fluidstack -> terawulf sits alongside the direct Kentucky lease. It is selling its 50.1% of the Abernathy, Texas joint venture to an investor group led by Fluidstack. The contracted figures are headline totals over decade-plus terms, not run-rate revenue, and are therefore a claim on counterparty credit.
Sources
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Last updated 16 October 2026. Follow TeraWulf in any feed reader to hear when its valuation moves.
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