TeraWulf reports FY2022 revenue $15.0M, self-mined 524 Bitcoin; targets 5.5 EH/s in Q2 2023

TERAWULF INC.

Revenue $15.0M in FY2022; Q4 revenue $9.6M, up 146% QoQ.
Self-mined 524 Bitcoin in 2022; total 810 Bitcoin mined through Feb 2023.
Self-mining hash rate 2.6 EH/s as of Feb 2023; targeting 5.5 EH/s (160 MW) in Q2 2023.
Built 110 MW of mining infrastructure; another 50 MW targeted in Q2 2023.
Debt restructured to eliminate principal payments; amortization deferred to April 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

TERAWULF INC. reported the fourth quarter and year ended December 31, 2022 results: revenue $15.0 million.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $15.0 million
Result: reported results

Exact text from the filing

for the fourth quarter and year ended December 31, 2022 and provided an operational update. Full Year 2022 and Recent Operational and Financial Highlights Generated revenue of $15.0 million and self-mined 524 Bitcoin in 2022. Commenced mining at the Company’s wholly owned Lake Mariner facility in March 2022, with operational capacity of 60 MW and a fleet of 18,000

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

TERAWULF INC. reported the full year 2022 results: revenue $15.0 million.

Period: the full year 2022
Revenue: $15.0 million
Result: reported results

Exact text from the filing

Generated revenue of $15.0 million and self-mined 524 Bitcoin in 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

TERAWULF INC. reported the fourth quarter of 2022 results: revenue $9.6 million.

Period: the fourth quarter of 2022
Revenue: $9.6 million
Result: reported results

Exact text from the filing

Revenue in the fourth quarter of 2022 increased 146% to $9.6 million compared to $3.9 million in the third quarter of 2022

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TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-000501

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