secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001083301-24-000145
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000145/0001083301-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330124000145/wulf-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001083301-24-000145

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