secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001083301-24-000138
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf mined 150 bitcoin in Oct; HPC hosting capacity target 72.5 MW by Q2 2025
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- Self-mined 150 bitcoin in Oct (avg 4.8/day); power cost $36,789/bitcoin.
- 8.1 EH/s operational self-mining capacity, up 62% YoY; avg hash rate 6.8 EH/s due to upgrades.
- Sold 25% equity in Nautilus Cryptomine facility effective Oct 2, 2024.
- Targeting 72.5 MW HPC hosting capacity by end of Q2 2025; CB-1 (20 MW) on track for Q1.
- Replacing older miners with ~12,200 S19 XP units; recovery plan for 1.5 EH by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000138/0001083301-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000138/wulf-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001083301-24-000138

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