Overview
- Revenue reached $50.6 million, up 87% year over year and within late‑October guidance of $48 million to $52 million.
- Digital asset sales totaled $43.4 million as an average bitcoin price near $114,390 offset lower output of 377 BTC versus 555 a year earlier.
- TeraWulf posted a loss of $1.13 per share, missing consensus, and revenue came in just below the $51.7 million Street estimate.
- Initial high‑performance computing lease income began as the company expanded Fluidstack agreements, with Google backstopping $1.8 billion of obligations in exchange for 41 million shares.
- Management reiterated a goal of 250–500 MW of new contracted capacity per year and detailed funding plans including a $3.2 billion notes offering and a Texas JV, while shares rose 3.8% in session before falling about 2.5% after hours and Rosenblatt lifted its price target to $24.