COMP <GO>
WULF vs HUT // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
TeraWulf Inc. (NASDAQ) VS. Hut 8 Corp. (NASDAQ) • 15-METRIC TALLY: WULF 3
— HUT 5
■ METRIC PARITY
LAST: $11.73 (-8.00%) • MKT CAP: $5.85B
options-implied-move
—
LAST: $59.40 (-10.60%) • MKT CAP: $7.32B
options-implied-move
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WULF VS. HUT)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WULF | HUT | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -28.90% | -13.90% | -15.00 | HUT | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -18.00% | -1.83% | -16.17 | HUT | /fcf-yield <GO> |
| Operating Margin | -60.00% | -60.00% | 0.00 | TIE | /operating-margins <GO> |
| Net Profit Margin | -60.00% | -60.00% | 0.00 | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 20.30% | 44.80% | -24.50 | HUT | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 5/9 | -1.00 | HUT | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 41.8 | 36.6 | +5.20 | WULF | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.14 | 1.11 | +0.03 | WULF | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.0x | 36.0x | -6.00 | WULF | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.85B | $7.32B | -$1.47B | HUT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WULF REV | HUT REV | WULF GROSS % | HUT GROSS % | WULF FCF | HUT FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $168.5M | $235.1M | 39.2% | 54.2% | -$1.18B | -$149.8M |
| FY 2024 | $140.1M | $162.4M | 49.8% | — | -$292.4M | -$75.8M |
| FY 2023 | $69.2M | $82.2M | — | — | $1.1M | -$25.9M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WULF // BETA 1.14
HUT // BETA 1.11