TeraWulf

TeraWulf is a niche in the AI & Data Center segment of the semiconductor & AI supply chain, headquartered in United States. Its key suppliers include Vertiv, Schneider Electric, Eaton. Its key customers include Amazon (Annapurna Labs), Microsoft, Alphabet (Google).

Operator of data centers for AI/HPC hosting and bitcoin mining.

Ticker
NASDAQ: WULF
Headquarters
United States
Revenue
$168M (FY2025)
Net income
$-661M
Operating margin
-110.5%
Market position
niche
Value-chain segment
Data Center Operators (Colo)
Key products
AI/HPC data center campuses (WULF Compute)

About TeraWulf

TeraWulf, headquartered in United States, operates in the Data Center Operators (Colo) segment of the semiconductor & AI supply chain and is positioned as a market niche there. Its key products include AI/HPC data center campuses (WULF Compute). wafergraph maps 4 tracked suppliers and 5 tracked customers for TeraWulf across the value chain. It has a supply-chain criticality score of 6/100, with 19 companies downstream of it.

Role in the chain

TeraWulf is a market niche in AI & Data Center (Data Center Operators (Colo)), headquartered in United States. Operator of data centers for AI/HPC hosting and bitcoin mining.

Diligence questions

  1. The dataset records 4 tracked suppliers for TeraWulf. Which of those edges are researched (named in a filing or primary source) versus segment-inferred, and what happens if one of them stops shipping?
  2. 3 of TeraWulf's tracked suppliers are a monopoly or leader (including Delta Electronics, Schneider Electric, Vertiv). Which of those are actually single-source for the process step you care about?
  3. The dataset names 5 tracked customers for TeraWulf. How concentrated is demand among those names, and which of them have a documented second source in this graph?
  4. TeraWulf is headquartered in United States. What jurisdiction, export-control or logistics risk sits at that HQ, versus at the fabs or plants the filings actually name?
  5. TeraWulf trades as NASDAQ:WULF. What does the latest reported period say about capacity and backlog versus the graph position above?
  6. Before treating any edge as a verified relationship, check the provenance labels on the company page and the method note at /methodology.

Full diligence pack for TeraWulf

Key products

  • AI/HPC data center campuses (WULF Compute)

Suppliers

Customers

More AI & Data Center companies

Compare with

NTT · American Tower · Iron Mountain · IREN · Hut 8 · Applied Digital

Sources

Open the interactive supply-chain view →

Cite as: wafergraph, “TeraWulf — supply chain, financials & market position”, https://wafergraph.com/company/terawulf (data as of 2026-09-05).

Track the chain

What moved in the semiconductor supply chain — This Week in the Chain, the free weekly wafergraph briefing.

Subscribe to the free weekly briefing →

Free · no login · 615 companies, updated weekly