TeraWulf Q1 revenue $11.5M, self-mined 533 BTC, hashrate up 65% to 3.3 EH/s

TERAWULF INC.

2023-Q1 EPS reported -$0.16 revenue$11,533,000

Revenue increased 20% QoQ to $11.5M; self-mined 533 Bitcoin, up 38% from Q4 2022.
Power cost per Bitcoin fell 21% to $8,429; total power cost $5.6M.
Hashrate capacity reached 3.3 EH/s at March 31, 2023 (65% QoQ growth).
Expects 5.5 EH/s (50k miners) in Q2 2023; Nautilus 50 MW nuclear-powered site fully energized.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

TERAWULF INC. reported the fiscal quarter ended March 31, 2023 results: revenue $11.5 million.

Period: the fiscal quarter ended March 31, 2023
Revenue: $11.5 million
Result: reported results

Exact text from the filing

Revenue in the first quarter of 2023 increased 20% to $11.5 million compared to $9.6 million in the fourth quarter of 2022.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-009705

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