Cipher Mining vs TeraWulf
TeraWulf is larger by market cap ($8.4B vs $7.1B). Cipher Mining reports higher tracked revenue ($224M vs $168M). Both are primarily Data Center Operators (Colo) companies.
Shared segment: AI & Data Center.
Side-by-side
| Cipher Mining | TeraWulf | |
|---|---|---|
| Market cap | $7.1B | $8.4B |
| Revenue | $224M (FY2025) | $168M (FY2025) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | niche | niche |
| Country | United States | United States |
| Tracked suppliers | 4 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 6/100 | 6/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-08-12. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How Cipher Mining and TeraWulf compare
- Size: TeraWulf is the larger company by market cap.
- Revenue: Cipher Mining reports higher tracked revenue.
- Supply-chain criticality: Cipher Mining has the higher chokepoint score (6/100 vs 6/100).
- Footprint: Cipher Mining (United States) vs TeraWulf (United States).