2023-08-14 07:40:51 ET
- TeraWulf press release ( NASDAQ: WULF ): Q2 GAAP EPS of -$0.08 misses by $0.05 .
- Revenue of $15.5M (+1015.1% Y/Y) misses by $3.67M .
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Achieved a total self-mining hashrate of 5.5 EH/s as of June 30, 2023, representing a quarterly increase of 67% relative to March 31, 2023.
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Self-mined 908 Bitcoin in Q2 2023, an increase of 70% over the Bitcoin self-mined in Q1 2023.
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Revenue per Bitcoin produced increased 21% in Q2 2023, while power cost per Bitcoin declined by 15%.
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Generated non-GAAP revenue equivalent of $25.3 million and self-mined 908 Bitcoin in Q2 2023.
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Power cost per Bitcoin declined 15% quarter-over-quarter, from $8,624 in 1Q23 to $7,197 in 2Q23.
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Adjusted EBITDA increased to $7.6 million, compared to Adjusted EBITDA of -$7.1 million from the same prior year period.
For further details see:
TeraWulf GAAP EPS of -$0.08 misses by $0.05, revenue of $15.5M misses by $3.67M