TeraWulf reports Q3 EPS (9c), consensus (4c)

Reports Q3 revenue $18.96M, consensus $20.2M. The company self-mined 611 bitcoin at Lake Mariner and realized another 13 bitcoin via hosting profit share in Q3. “We continue to execute our stated goals, delivering strong results in Q3 2023,” stated Paul Prager, CEO of TeraWulf. “While the summer months are seasonally the most challenging operating environment, we demonstrated strong operational results due to outstanding effort by our operating employees to optimize the performance of our miners as well as the advantageous location of our facilities in the Northeast U.S., which has temperate conditions, resulting in fewer high heat events and ensuing wear and tear on our machines, relative to regions like Texas with more extreme weather,” added Prager.