---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-24-000066"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T12:52:27.955959+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001083301-24-000066
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/0001083301-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/wulf-20240319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-24-000066
- JSON: https://secwatch.observer/filing/0001083301-24-000066.json
- Plain text: https://secwatch.observer/filing/0001083301-24-000066.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue for the year ended December 31, 2023 increased 360% to $69.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/0001083301-24-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.