TeraWulf shares higher after significant earnings beat

Published 08/08/2025, 14:04
TeraWulf shares higher after significant earnings beat

Investing.com -- TeraWulf Inc. (NASDAQ:WULF), a vertically integrated digital infrastructure company, reported second-quarter earnings that significantly exceeded analyst expectations, driving its shares up 4.1% as investors responded positively to the company’s financial performance.

The bitcoin mining company posted adjusted earnings per share of $0.05 for the quarter ended June 30, 2025, substantially beating the analyst consensus estimate of -$0.06. Revenue reached $47.6 million, slightly above the consensus estimate of $46.97 million and representing a 34% increase compared to $35.6 million in the same quarter last year.

TeraWulf’s mining capacity grew 45.5% YoY to 12.8 EH/s, though the company self-mined 485 bitcoin during the quarter, down from 699 bitcoin in Q2 2024. The company attributed this decline to the April 2024 bitcoin halving event and the strategic divestiture of its Nautilus Cryptomine facility in October 2024. Despite mining fewer coins, the total value of self-mined bitcoin increased to $47.6 million from $46.1 million a year earlier, benefiting from higher bitcoin prices.

"TeraWulf continues to execute on its strategy to develop scalable, sustainable digital infrastructure to support both high-performance computing hosting and proprietary Bitcoin mining," said Paul Prager, Chief Executive Officer of TeraWulf. "During the second quarter, we made remarkable progress toward delivering Core42’s contracted 72.5 MW of HPC capacity."

The company reported Adjusted EBITDA of $14.5 million, compared to $19.5 million in Q2 2024. Power costs per bitcoin rose to $45,555 from $22,954 a year ago, reflecting the impact of the halving, rising network difficulty, and short-term power price volatility.

TeraWulf expects to begin recognizing revenue from high-performance computing hosting in the third quarter, which the company describes as a key inflection point in its financial profile. As of June 30, 2025, the company held $90 million in cash and bitcoin, with total outstanding debt of approximately $500 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.