TeraWulf Stock Tumbles After Worse-Than-Expected Q3 Results
Posted On November 12, 2024
TeraWulf Inc. (NASDAQ:WULF) reported its third-quarter results after Tuesday’s closing bell. Here’s a look at the details from the report.
The Details: TeraWulf reported quarterly GAAP losses of six cents per share, which missed the analyst consensus estimate for losses of three cents. Quarterly revenue came in at $27.05 million, which missed the analyst consensus estimate of $34.27 million and is an increase over sales of $18.95 million from the same period last year.
- TeraWulf self-mined 555 Bitcoin (CRYPTO: BTC) across the Lake Mariner and Nautilus Cryptomine facilities, which represented a 43.4% decrease relative to the same quarter last year.
- Total value of Bitcoin self-mined was $33.9 million …
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