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Sep 30, 2022
Terawulf Q3 2022 Earnings Report
TeraWulf expanded its mining capacity and increased its self-mined Bitcoin production.
Key Takeaways
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.
Expanded operational miner fleet to 14,968 miners for a hash rate capacity of 1.5 EH/s.
Generated revenue of $3.9 million and produced 117 self-mined Bitcoin.
Remains on target to deliver 160 MW of operational capacity and 4.0 EH/s of self-mining in Q1 2023.
TeraWulf’s 25% stake preserves the benefit of its 50 MW of mining capacity at $0.02 per kilowatt hour at Nautilus Cryptomine facility.
Terawulf
Terawulf
Forward Guidance
TeraWulf is targeting 160 MW of operational capacity and 4.0 EH/s of self-mining in Q1 2023 and continues to target achieving a total of approximately 5.8 EH/s of operational mining capacity across its two mining facilities in Q1 2023.
Positive Outlook
- Remains on target to deliver 160 MW of operational capacity in Q1 2023.
- Remains on target to deliver 4.0 EH/s of self-mining in Q1 2023.
- Construction activities on Building 2 are substantially complete.
- Nautilus Cryptomine facility is projected to begin mining in December 2022.
- TeraWulf continues to target achieving a total of approximately 5.8 EH/s of operational mining capacity across its two mining facilities in Q1 2023.