secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001083301-24-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/0001083301-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/wulf-20240319.htm
  HTML page:      https://secwatch.observer/filing/0001083301-24-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer