TeraWulf Q3 revenue $3.9M, loss $20.6M; 117 Bitcoin self-mined; raises $17M in October

TERAWULF INC.

2022-Q3 EPS reported -$0.63 revenue$5,466,000

Q3 2022 revenue $3.9M (+179% QoQ) with cost of revenue 134%; loss before income tax $(20.6)M.
Self-mined 117 Bitcoin in Q3, revenue per Bitcoin $20,657; October 2022 self-mined 119 Bitcoin exceeding Q3 total.
Operational hash rate capacity reached 1.5 EH/s; Lake Mariner Building 1 fully energized at 50 MW.
Raised $17M in October ($9.5M equity, $7.5M incremental term loan); liquidity $4.5M as of Sep 30, 2022.
Nautilus JV amended to 25% stake with 50 MW at $0.02/kWh; targeting 160 MW and 4.0 EH/s self-mining in Q1 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TERAWULF INC. reported the fiscal quarter ended September 30, 2022 results: revenue $3.9 million. Guidance reaffirmed.

Period: the fiscal quarter ended September 30, 2022
Revenue: $3.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Generated revenue of $3.9 million and produced 117 self-mined Bitcoin during the three-month period ended September 30, 2022.

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TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001157523-22-001619

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