TeraWulf reports Q3 revenue $19.0M (+22.6% QoQ); self-mined 994 BTC; Adjusted EBITDA $9.0M

TERAWULF INC.

2023-Q3 EPS reported -$0.32 revenue$45,944,000

Revenue $19.0M, up 22.6% vs Q2; gross profit $10.7M, gross margin 56.4% (down from 66.9% on higher power costs and network difficulty).
Self-mined 994 Bitcoin (+9.5% QoQ); average power cost per BTC $9,322 (+29.5% QoQ).
Non-GAAP Adjusted EBITDA $9.0M (+18.5% QoQ); expects to repay ~$7M debt from Q3 cash, $5.5M repaid in October.
Ordered 18,500 BITMAIN S19j XP miners (2.8 EH/s) at $19/TH, delivery Dec 2023; host-to-own structure defers capital outlays.
Total installed hashrate 5.5 EH/s (+267% YoY); expanding Lake Mariner facility from 110 MW to 153 MW by year-end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TERAWULF INC. reported the fiscal quarter ended September 30, 2023 results: revenue $19.0 million.

Period: the fiscal quarter ended September 30, 2023
Revenue: $19.0 million
Result: reported results

Exact text from the filing

or otherwise subject to the liabilities of that section. --- EX-99.1 (EX-99.1) --- wulfq323earningsprfinal1 TeraWulf Reports Third Quarter 2023 Financial Results Revenue of $19.0 million in Q3 2023, an increase of 22.6% over Q2 2023, on a total installed hashrate of 5.5 EH/s. Self-mined 994 Bitcoin in Q3 2023, a 9.5% increase over Q2 2023. Non-GAAP Adjusted

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001083301-23-000052

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