---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000501"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:53:44.340829+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000501
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000115752323000501/0001157523-23-000501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000115752323000501/a53371388.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000501
- JSON: https://secwatch.observer/filing/0001157523-23-000501.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000501.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000115752323000501/0001157523-23-000501-index.htm
- Earnings Releases
  TERAWULF INC. reported the full year 2022 results: revenue $15.0 million.
  - Period: the full year 2022
  - Revenue: $15.0 million
  - Result: reported results
  source text: Generated revenue of $15.0 million and self-mined 524 Bitcoin in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000115752323000501/0001157523-23-000501-index.htm
- Earnings Releases
  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
  source text: Revenue in the fourth quarter of 2022 increased 146% to $9.6 million compared to $3.9 million in the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000115752323000501/0001157523-23-000501-index.htm

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