NEXTDC vs TeraWulf
Both are primarily Data Center Operators (Colo) companies. TeraWulf is larger by market cap ($6.8B vs $5.5B). NEXTDC reports higher tracked revenue ($345M vs $168M).
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
| NEXTDC | TeraWulf | |
|---|---|---|
| Market cap | $5.5B | $6.8B |
| Revenue | $345M (FY2026) | $168M (FY2025) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | major | niche |
| Country | Australia | United States |
| Tracked suppliers | 4 | 4 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 8/100 | 6/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-10-09. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How NEXTDC and TeraWulf compare
- Size: TeraWulf is the larger company by market cap.
- Revenue: NEXTDC reports higher tracked revenue.
- Supply-chain criticality: NEXTDC has the higher chokepoint score (8/100 vs 6/100).
- Footprint: NEXTDC (Australia) vs TeraWulf (United States).
Company hubs
Open the interactive comparison tool →
Cite as: wafergraph, “NEXTDC vs TeraWulf”, https://wafergraph.com/compare/nextdc-vs-terawulf (data as of 2026-10-09).
Frequently asked questions3
- Is NEXTDC bigger than TeraWulf?
- TeraWulf is larger by market cap ($6.8B vs $5.5B).
- What's the difference between NEXTDC and TeraWulf?
- NEXTDC is a major in Data Center Operators (Colo) based in Australia; TeraWulf is a niche in Data Center Operators (Colo) based in United States. Both operate in the AI & Data Center segment.
- Who are NEXTDC's and TeraWulf's suppliers?
- wafergraph tracks 4 suppliers for NEXTDC and 4 for TeraWulf.