TeraWulf Q3 revenue up 43% to $27.1M; adjusted EBITDA down 34%; post-quarter Nautilus sale & $500M notes

TERAWULF INC.

2024-Q3 EPS reported -$0.13 revenue$105,066,000

Q3 revenue $27.1M (+42.8% YoY); non-GAAP adjusted EBITDA $6.0M (-33.6% YoY).
Self-mined 555 bitcoin (-43.4% YoY); power cost per bitcoin $30,448 (+226.6% YoY).
Hash rate capacity 10.0 EH/s (+100% YoY); average operating hash rate 8.1 EH/s.
After Q3: sold Nautilus JV for $92M; issued $500M convertible notes; repurchased $115M stock; authorized $200M buyback.
Targeting 13.1 EH/s in Q1 2025; CB-1 (20 MW HPC) on track for Q1 2025, CB-2 (50 MW) for Q2 2025.

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