NEXTDC vs TeraWulf
Both are primarily Data Center Operators (Colo) companies. TeraWulf is larger by market cap ($7.7B vs $6.1B). NEXTDC reports higher tracked revenue ($352M vs $168M).
Shared segment: AI & Data Center.
Side-by-side
| NEXTDC | TeraWulf | |
|---|---|---|
| Market cap | $6.1B | $7.7B |
| Revenue | $352M (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 2026-09-16. 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
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Cite as: wafergraph, “NEXTDC vs TeraWulf”, https://wafergraph.com/compare/nextdc-vs-terawulf (data as of 2026-09-16).