TeraWulf Q2 2023 revenue $15.5M (+34% QoQ); self-mined 908 Bitcoin, hashrate up 67% to 5.5 EH/s

TERAWULF INC.

2023-Q2 EPS reported -$0.24 revenue$26,989,000

Gross profit $10.3M (gross margin 67%, +18% QoQ); power cost per Bitcoin fell 17% to $7,197.
Adjusted EBITDA improved to $7.6M vs negative $7.1M in prior-year Q2.
Expanding Lake Mariner by 43 MW with 18,500 S19j XP miners; target 7.9 EH/s by year-end.
Self-mining hashrate capacity reached 5.5 EH/s (+67% from Q1); Nautilus 50 MW fully operational.

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 0.9

TERAWULF INC. reported second quarter of fiscal year 2023 results: revenue $15.5 million.

Period: second quarter of fiscal year 2023
Revenue: $15.5 million
Result: reported results

Exact text from the filing

results for the second quarter of fiscal year 2023 and provided an operational update. Second Quarter 2023 GAAP Operational and Financial Highlights ● Revenue increased to $15.5 million in 2Q23 compared to $11.5 million in 1Q23. ● Gross profit increased to $10.3 million in 2Q23 compared to $6.5 million in 1Q23, and gross profit margin expanded by 18% from 57% in

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TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-014704

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