Hut 8 vs TeraWulf
Both are primarily Data Center Operators (Colo) companies. Hut 8 is larger by market cap ($11.1B vs $7.7B). Hut 8 reports higher tracked revenue ($235M vs $168M).
Shared segment: AI & Data Center.
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
Side-by-side
| Hut 8 | TeraWulf | |
|---|---|---|
| Market cap | $11.1B | $7.7B |
| Revenue | $235M (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 2026-10-04. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How Hut 8 and TeraWulf compare
- Size: Hut 8 is the larger company by market cap.
- Revenue: Hut 8 reports higher tracked revenue.
- Supply-chain criticality: Both companies have the same chokepoint score (6/100).
- Footprint: Hut 8 (United States) vs TeraWulf (United States).
Company hubs
Open the interactive comparison tool →
Cite as: wafergraph, “Hut 8 vs TeraWulf”, https://wafergraph.com/compare/hut8-vs-terawulf (data as of 2026-10-04).
Frequently asked questions3
- Is Hut 8 bigger than TeraWulf?
- Hut 8 is larger by market cap ($11.1B vs $7.7B).
- What's the difference between Hut 8 and TeraWulf?
- Hut 8 is a niche in Data Center Operators (Colo) based in United States; TeraWulf is a niche in Data Center Operators (Colo) based in United States. Both operate in the AI & Data Center segment.
- Who are Hut 8's and TeraWulf's suppliers?
- wafergraph tracks 4 suppliers for Hut 8 and 4 for TeraWulf.