{"schema_version":"secwatch.filing_event.v1","accession":"0001083301-24-000102","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.211018+00:00","generated_at":"2026-06-02T01:53:51.814144+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TeraWulf Q1 2024: Revenue $42.4M (+82% QoQ), Adjusted EBITDA $32M (+95%), debt down $63.6M in 2024","bullets":["Self-mined 1,057 BTC in Q1, up 8.9% from Q4; avg operating hash rate 6.8 EH/s.","Revenue $42.4M (GAAP) vs $23.3M in Q4; gross profit margin improved to 66%.","Non-GAAP Adjusted EBITDA $32.0M, up 95.4% QoQ; power cost per BTC $15,501.","Debt reduced to $75.8M after repaying $63.6M in 2024 (including $30.2M in April).","On track for ~10.2 EH/s by Q3 2024, ~13.3 EH/s by Q1 2025; expanded Bitmain miner deal."],"urls":{"canonical":"https://secwatch.observer/filing/0001083301-24-000102","json":"https://secwatch.observer/filing/0001083301-24-000102.json","markdown":"https://secwatch.observer/filing/0001083301-24-000102.md","text":"https://secwatch.observer/filing/0001083301-24-000102.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000108330124000102/0001083301-24-000102-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000108330124000102/wulf-20240513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:53:51.814144+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"76ab4eed5549cca42a0cdc53fcc2175116195465","claim":"TERAWULF INC. reported first quarter ended March 30, 2024 results: revenue $42.4 million.","evidence_excerpt":"2024 Financial Results Self-mined 1,057 bitcoin in Q1 2024, an 8.9% increase over Q4 2023, on a total installed hashrate of 8.0 EH/s. Q1 2024 revenue grows 82.2% over Q4 2023 to $42.4 million. Q1 2024 Non-GAAP Adjusted EBITDA increases 95.4% over Q4 2023 to $32.0 million. Paid down approximately $63.6 million of debt so far in 2024, demonstrating the power of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330124000102/0001083301-24-000102-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 30, 2024"},{"label":"Revenue","value":"$42.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}