---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-009705"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:32:12.139697+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-009705
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2023-05-15T23:59:59+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/1083301/000155837023009705/0001558370-23-009705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000155837023009705/wulf-20230515x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-009705
- JSON: https://secwatch.observer/filing/0001558370-23-009705.json
- Plain text: https://secwatch.observer/filing/0001558370-23-009705.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue in the first quarter of 2023 increased 20% to $11.5 million compared to $9.6 million in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000155837023009705/0001558370-23-009705-index.htm

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