Terawulf Q3 2023 Earnings Report

Revenue increased by 22.6% and self-mined Bitcoin increased by 9.5% compared to Q2 2023.

Key Takeaways

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.

Revenue of $19.0 million in Q3 2023, an increase of 22.6% over Q2 2023.

Self-mined 994 Bitcoin in Q3 2023, a 9.5% increase over Q2 2023.

Non-GAAP Adjusted EBITDA of $9.0 million in Q3 2023, an increase of 18.5% over Q2 2023.

Total installed hashrate capacity of 5.5 EH/s as of September 30, 2023, representing an increase of 267% relative to the same prior year period.

Total Revenue

$19M

Previous year: $3.86M

+390.6%

EPS

-$0.09

Previous year: -$0.31

-71.0%