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Sep 30, 2023
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.
Terawulf
Terawulf
Forward Guidance
TeraWulf expects to complete the entire 18,500 miner purchase by the fourth quarter of 2024.