secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001558370-23-014704
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000155837023014704/0001558370-23-014704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000155837023014704/wulf-20230814x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014704

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