Overview
- The company reported $50.6 million in third-quarter revenue, up 87% year over year and within its prior guidance range.
- TeraWulf posted a net loss of $1.13 per share, missing the consensus estimate for a five-cent loss.
- Shares dipped in extended trading following the earnings release.
- Management said growth was driven by higher Bitcoin prices, expanded mining capacity, and initial high‑performance computing lease revenue.
- TeraWulf highlighted expanded ties with Fluidstack and Google, noted Google’s $1.8 billion lease backstop for equity, and reaffirmed a goal of adding 250–500 MW of contracted capacity annually.