Terawulf Earnings Reports

TeraWulf delivered solid revenue growth in Q3 2025, driven by expanded bitcoin mining and new HPC lease income. Despite significant financing activity and infrastructure growth, the company reported a substantial net loss primarily due to large warrant and derivative revaluation charges.

TeraWulf’s Q2 2025 revenue rose 34% year-over-year to $47.6 million, driven by higher bitcoin prices and expanded mining capacity, but the company posted a net loss of $18.4 million due to increased costs and expenses. Adjusted EBITDA came in at $14.5 million, down from $19.5 million in the prior year, reflecting halving-related impacts and higher power costs.

TeraWulf experienced a challenging quarter with a net loss of $61.4M, impacted by decreased revenue and increased power costs post-halving. Despite the setback, the company expanded its mining capacity and is progressing in HPC infrastructure deployment.

TeraWulf reported a strong year with significant growth in revenue and adjusted EBITDA. The company expanded its self-mining capacity, secured long-term data center lease agreements for HPC hosting, and strengthened its balance sheet through strategic financial management.

TeraWulf reported a revenue increase of 42.8% year-over-year, reaching $27.1 million for Q3 2024. The company's operational self-mining capacity grew by 100% to 10.0 EH/s. Strategic activities post-Q3 included the sale of Nautilus JV interest, a new Lake Mariner ground lease, a convertible note offering, and a share buyback program.

TeraWulf reported a strong second quarter with a 130.2% increase in revenue year-over-year, driven by growth in operating hashrate and higher bitcoin prices. The company also made significant progress in expanding its infrastructure and advancing its AI initiatives.

TeraWulf reported strong Q1 2024 results, with revenue increasing by 82.2% compared to Q4 2023, reaching $42.4 million. The company also saw a significant increase in gross profit and a substantial rise in Non-GAAP Adjusted EBITDA. Additionally, TeraWulf reduced its debt by approximately $63.6 million in 2024.

TeraWulf reported a strong increase in annual revenue, gross profit, and self-mining operating capacity. The company is focused on expanding its infrastructure and exploring opportunities in AI and HPC applications.

TeraWulf reported a strong Q3 2023 with revenue of $19.0 million, a 22.6% increase over Q2 2023, and self-mined 994 Bitcoin, a 9.5% increase over Q2 2023. The company also reported a Non-GAAP Adjusted EBITDA of $9.0 million, an 18.5% increase over Q2 2023.

TeraWulf reported a strong second quarter in 2023, marked by a 34% increase in revenue to $15.5 million and a 58% increase in gross profit to $10.3 million. The company expanded its hashrate capacity and achieved a higher average price of Bitcoin, contributing to the improved financial performance.

TeraWulf Inc. announced its Q1 2023 financial results, with revenue of $11.5 million and 533 Bitcoin self-mined. The company increased its hashrate capacity by 65% to 3.3 EH/s as of March 31, 2023, and commenced mining at the Nautilus Cryptomine. TeraWulf is expanding mining operations at its Lake Mariner facility and expects to have a total operational capacity of 5.5 EH/s in Q2 2023.

TeraWulf reported a 146% increase in revenue for the fourth quarter of 2022, reaching $9.6 million compared to the third quarter of 2022. The increase is attributed to the expansion of mining operations at the Lake Mariner facility.

TeraWulf reported a revenue of $3.9 million and produced 117 self-mined Bitcoin during the third quarter of 2022. The company expanded its operational miner fleet to 14,968 miners with a hash rate capacity of 1.5 EH/s.

IKONICS reported a 65% increase in revenue for Q2 2021 compared to Q2 2020. The company posted a net loss of $722,000, an improvement from the $1,042,000 loss in Q2 2020. On a non-GAAP basis, the company realized earnings of $75,000, or $0.04 per diluted share.

IKONICS Corporation announced improved fourth quarter results with a net income of $1,463,000, or $0.74 per diluted share, compared to a loss of $80,000, or $0.04 per diluted share, in the same quarter of the previous year. Sales for the fourth quarter were $4,228,000, down 14.8% versus the same quarter in 2019. The results were favorably impacted by the Company receiving forgiveness on its $1,215,000 SBA PPP loan.

IKONICS reported a decrease in revenue by 1% compared to the previous year. The company experienced a net loss, but on a non-GAAP basis, the adjusted net loss improved by 51% year-over-year, excluding one-time CEO transition expenses. The impact of COVID-19 significantly affected March revenue.