---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-25-000058"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:08:14.379663+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TeraWulf Q2 revenue up 34% to $47.6M; HPC hosting begins in Q3 but bitcoin self-mined down 31%

## Summary
- Revenue $47.6M (+34% YoY); cost of revenue (excl dep) $22.1M (+59%); adjusted EBITDA $14.5M vs $19.5M.
- Self-mined 485 bitcoin vs 699 in Q2 2024; power cost per bitcoin $45,555 (up from $22,954).
- BTC mining capacity 12.8 EH/s (+45.5% YoY).
- HPC hosting: delivering 72.5 MW to Core42; revenue began in July; targeting 200-250 MW by year-end 2026.
- Cash and equivalents $90M; debt $500M convertible notes; 391.9M shares outstanding.

## SEC filing metadata
- accession: 0001083301-25-000058
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000058/0001083301-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330125000058/wulf-20250808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-25-000058
- JSON: https://secwatch.observer/filing/0001083301-25-000058.json
- Plain text: https://secwatch.observer/filing/0001083301-25-000058.txt

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