secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001157523-22-001619
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000115752322001619/0001157523-22-001619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000115752322001619/a52968943.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001619

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