---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-24-000145"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:32:34.632910+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001083301-24-000145
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1083301/000108330124000145/0001083301-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330124000145/wulf-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-24-000145
- JSON: https://secwatch.observer/filing/0001083301-24-000145.json
- Plain text: https://secwatch.observer/filing/0001083301-24-000145.txt

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