---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001619"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:19:54.078844+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-22-001619
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000115752322001619/0001157523-22-001619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000115752322001619/a52968943.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001619
- JSON: https://secwatch.observer/filing/0001157523-22-001619.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001619.txt

## Key facts
- Earnings Releases
  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
  source text: Generated revenue of $3.9 million and produced 117 self-mined Bitcoin during the three-month period ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000115752322001619/0001157523-22-001619-index.htm

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