TeraWulf reports 2023 revenue up 360% to $69.2M, self-mined bitcoin up 550% to 3,407

TERAWULF INC.

Revenue $69.2M, up 360% YoY; gross profit $41.9M, up 960%.
Self-mined bitcoin 3,407 (up 550%); operating capacity 7.9 EH/s (up 464%).
Cost of power $0.032/kWh, beating guidance of $0.035.
Debt reduced to $106M as of Feb 2024; additional $30M repayment planned in April.
Targets 300 MW capacity by end 2024, 550 MW by 2025.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TERAWULF INC. reported the year ended December 31, 2023 results: revenue $69.2 million.

Period: the year ended December 31, 2023
Revenue: $69.2 million
Result: reported results

Exact text from the filing

Revenue for the year ended December 31, 2023 increased 360% to $69.2 million

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TERAWULF INC. filing history →

Source: SEC EDGAR

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