Terawulf Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Terawulf Inc (WULF) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Terawulf Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 158M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+13.4% annualized vs trailing 12 months).
- Scale: Terawulf Inc ranks #16 of 117 companies by market capitalization in the Miscellaneous Financial Services industry, holding 1.1% of industry market cap.
- Peer revenue share: Terawulf Inc accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
WULF Sales vs. its Competitors, Q2 2026
Terawulf Inc generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Miscellaneous Financial Services industry grew revenue 304.0% year over year, combined, vs -15.1% for Terawulf Inc. Terawulf Inc's share of combined industry revenue moved from 0.06% to 0.01%, a loss of 0.05 percentage points.
Terawulf Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Terawulf Inc | No | No | No | Yes |
| High-Confidence Competitors (13) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 0.00 % (0 of 7) | 87.50 % (7 of 8) | 62.50 % (5 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
WULF Stock Performance relative to its Competitors
WULF Stock Performance relative to High-Confidence Competitors
WULF Stock Performance relative to Similar-Size Competitors
WULF Stock Performance relative to Similar Growth & Profitability Competitors
Terawulf Inc's Comment on Competition and Industry Peers
Terawulf Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Soluna Holdings Inc | Named by the company | 85% |
| Hut 8 Mining Corp. | Named by the company | 85% |
| RIOT Platforms Inc. | Named by the company | 85% |
| Cipher Digital Inc | Named by the company | 85% |
| MIGI | Named by the company | 85% |
| Cleanspark Inc. | Named by the company | 85% |
| Marathon Digital Holdings, Inc. | Named by the company | 85% |
| Bit Digital Inc | Named by the company | 85% |
| Hive Digital Technologies Ltd | Named by the company | 85% |
| TZUP | Named by the company | 85% |
| IKONICS | Named by the company | 85% |
| Talen | Named by the company | 85% |
| Datacentrex Inc | Named by the company | 85% |
| Stronghold Digital Mining Inc | Named by the company | 85% |
| Hive Blockchain Technologies Ltd. | Named by the company | 85% |
| Nautilus Cryptomine LLC | Named by the company | 85% |
| Bitdeer Technologies Group | Named by the company | 85% |
| Mara Holdings Inc | Named by the company | 85% |
| Bitmain | Named by the company | 85% |
| Iris Energy Limited | Named by the company | 85% |
| Big Digital Energy Inc | Named by the company | 85% |
| Hyperscale Data Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Terawulf Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Terawulf Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Terawulf Inc | Digital Asset Mining 38.19 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).